{"id":1230,"date":"2017-03-28T12:47:46","date_gmt":"2017-03-28T10:47:46","guid":{"rendered":"https:\/\/www.namfisa.com.na\/educates\/?post_type=right_responsibility&p=1230"},"modified":"2025-07-18T09:32:11","modified_gmt":"2025-07-18T07:32:11","slug":"the-purpose-of-public-notices","status":"publish","type":"post","link":"https:\/\/www.namfisa.com.na\/educates\/the-purpose-of-public-notices\/","title":{"rendered":"The Purpose of Public Notices"},"content":{"rendered":"\t\t
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Understanding Public Notices: What You Need to Know<\/h3><\/span><\/div>
The ultimate purpose of Public\nNotices is to share urgent\ninformation, cautions and alerts\nwith the public by placing them in places\nand mediums where the public is more\nlikely to notice.
\nIt is important that information about\nactivities relevant to all consumers of\nfinancial services is as widely accessible\nas possible in order for the public to make\nwell-informed decisions.
\nFurthermore, Public Notices help citizens\nstay up to date with changes in their\ncommunities and be on the alert against\nfraud and theft in their financial dealings.\nThe Namibia Financial Institutions\nSupervisory Authority (NAMFISA)\ncirculates information to the public through\nvarious types of mediums, such as social\nmedia, the NAMFISA website, newspapers\nand radio.<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Types of Public Notices<\/h5><\/div>
WARNING NOTICE
\nThis notice warns the public against, for example, insurance agents and brokers not licensed by NAMFISA to sell insurance products in Namibia.
\nThis notice will alert the public, note the names of the companies involved, give advice for protective action and urge consideration before these business entities\u2019 products are used.
\nFor example, a warning notice can urge the public to be aware and careful not to invest their money or purchase policies from unregistered agents and brokers.
\nThe downside of ignoring the warning is highlighted in the notice and contact details for those wishing further information from NAMFISA are also publicised.

\n\n\u2022 INFORMATIONAL NOTICE
\nThis notice serves to inform the public of the voluntary or forced\/involuntary de-registration of insurance agents and brokers.
\nVoluntary de-registration is when a previously registered insurance agent or broker chooses to no longer sell or advise on insurance-related business for whatever reason.
\nForced de-registration can occur for various reasons such as when an insurance agent or broker:
\n\u2022 Does not pay outstanding levies to NAMFISA;
\n\u2022 Does not comply with the laws and rules that govern insurance; and
\n\u2022 Has been convicted of fraudulent practices.

\n\n\u2022 EDUCATIONAL NOTICE
\nThis notice intends to educate the general public about insurance-related business issues and practices.
\nThe Educational Notice can inform the public about what kind of insurance licenses are available in the market so they can have a better choice when making their decisions.
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  • <\/span>Warning Notices - These are designed to warn the public against specific risks<\/li>
  • <\/span>Informational Notices - These provide updates on the de-registration of insurance agents or brokers<\/li>
  • <\/span>Educational Notices - These are intended to empower consumers with knowledge about insurance-related matters<\/li><\/ul><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    <\/h6><\/span><\/div>
    The notice can also advise potential insurance policy consumers that any agent and\/or broker is obliged to explain all details of the policy contract, fees and conditions to their clients before he\/she signs for a particular insurance policy.<\/span>NAMFISA uses Public Notices as a vital tool to protect and educate Namibian consumers. Always stay informed, verify before engaging, and reach out to NAMFISA if you suspect anything unusual in your financial dealings.<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

    Understanding Public Notices: What You Need to Know The ultimate purpose of Public Notices is to share urgent information, cautions and alerts with the public by placing them in places<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":[],"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueState":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":"","_VenueShowMap":false,"_VenueShowMapLink":false,"footnotes":""},"categories":[425],"tags":[],"class_list":["post-1230","post","type-post","status-publish","format-standard","hentry","category-rights-and-responsibilities"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/posts\/1230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/comments?post=1230"}],"version-history":[{"count":7,"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/posts\/1230\/revisions"}],"predecessor-version":[{"id":35609,"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/posts\/1230\/revisions\/35609"}],"wp:attachment":[{"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/media?parent=1230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/categories?post=1230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/tags?post=1230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}