ACCOUNT NAME: IGF
BRANCH CODE: 000 355
ACCOUNT NUMBER: 401 936 414
The material contained in these web pages is provided for general information purposes only. While every care and effort have been taken to ensure the accuracy of the information provided, the Intermediaries Guarantee Facility makes no representation and gives no warranty, whether expressed or implied, relating to the correctness of the information in these web pages. The Intermediaries Guarantee Facility accepts no responsibility for, and the user indemnifies the Financial Services Board harmless from any loss, liability, damage or expense of whatsoever nature (including but not limited to direct, indirect and consequential loss), arising from reliance on information contained in these pages, or otherwise connected with the information in these pages [whether arising from breach of contract (fundamental or otherwise), delict, negligence, gross negligence or otherwise].
Except where otherwise stated, the copyright of all site contents is owned by the Intermediaries Guarantee Facility. No part of the site contents may be reproduced or transmitted or reused or be made available in any manner or any media, unless prior written consent has been obtained from the Intermediaries Guarantee Facility’s Legal and Policy Department.
In the event of any dispute of whatever nature arising as a result of the use of the information on these web pages, the user (including users resident outside the Republic of South Africa) accepts that the law of the Republic of South Africa shall apply.
Intermediaries Guarantee Facility is a facility set up by the short-term insurance industry generally for the purposes of providing security in terms of Section 45 of the Short Term Insurance Act read together with regulation 4 thereto.
A short-term insurer may not authorise a person in writing to act as an independent intermediary, to receive, hold or in any other manner deal with premiums payable to it under short term policies unless that person has provided security in terms of the Regulations Part 4 and Section 45 of the Short Term Insurance Act 1998.
Intermediaries Guarantee Facility Limited
The legislative requirement for a credit intermediary to hold a guarantee is no longer applicable from 28 September 2018. However the Prudential Authority and the Financial Sector Conduct Authority has authorised Intermediaries Guarantee Facility Limited to operate for an extended period of six months to 31 March 2019. All Intermediaries Guarantee Facility Limited guarantees will be cancelled on this date with no run-off. A prescription period of three years will follow. The reason for the six month extended period of operations is to facilitate an orderly transition from the previous legislated requirements for premium collection to a position where the market takes responsibility for managing its credit risk.
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IGF was set up by the short-term insurance industry generally for the purposes of providing security...more info
Ground Floor ,Willowbrook House, Constantia Office Park, C/O 14th Avenue & Hendrik Potgieter Street, Weltevreden Park
Telephone: +27 11 726 5381
Fax: 086 647 2276
Information: Our offices are located in the Constantia Office Park in Johannesburg.
GPS Co-ordinates: -26.14735, 27.92511 View on google map