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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?sh 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: ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- > 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 _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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