advertisement
21 May 2013

Selfmed Medical Scheme and regulator reach settlement

The Registrar of Medical Schemes (the Registrar) instituted proceedings during March 2013 in the Western Cape High Court for the appointment of a curator to the business operations of Selfmed Medical Scheme.

The Registrar of Medical Schemes (the Registrar) instituted proceedings during March 2013 in the Western Cape High Court for the appointment of a curator to the business operations of Selfmed Medical Scheme (Selfmed) due to what the Registrar alleges are material irregularities and concerns with regard the governance of Selfmed which had occurred in the past and which continue to occur. The application for curatorship has been opposed by Selfmed.

The Registrar and the current Board of Trustees emphasise that Selfmed is in good financial health and has a high solvency margin and there is thus no cause for concern in regard to Selfmed’s ability to provide on-going services to its membership.

 
NEXT ON HEALTH24X
advertisement

Read Health24’s Comments Policy

Comment on this story
0 comments
Comments have been closed for this article.

Live healthier

Lifestyle »

E-cigarettes: Here are five things to know

E-cigarettes have become hugely popular in the past decade, but a rash of vaping-linked deaths and illnesses in the US is feeding caution about a product that's already banned in some places.

Allergy »

Ditch the itch: Researchers find new drug to fight hives

A new drug works by targeting an immune system antibody called immunoglobulin E, which is responsible for the allergic reaction that causes hives.