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*IPEC deregisters two insurance firms for failing to meet minimum capital threshold* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?qh The Insurance and Pensions Commission (IPEC) has preregistered two insurance firms for failing to meet the minimum capital threshold of $1,5 million. The two firms Heritage Insurance and Excellence Insurance are both non-life insurance companies, and have been suspended from doing any business. This comes after KFMS Insurance was deregistered in the last quarter leaving the number of non-lifer insurance companies at 20. In a notice from IPEC commissioner Manette Mpofu, the body said: ---------- Pindula is best experienced with the Android App. *Download APK here:* https://zero.pindula.co.zw/media/apps/apks/pindula23.apk _On Econet, Pindula does NOT use your data_ ---------- > It is hereby noticed that in terms of section 23 of the Insurance Act (Chapter 24:07), the following insurance companies have had their certificates of registration cancelled: KFMS Insurance Company, Heritage Insurance Company of Zimbabwe and Excellence Insurance Company. More: Source itel A50 now available on Pindula at $84 64GB storage, 2GB RAM. _ideal for light usage_ _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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