NATIONAL INSURANCE
Insurance in Kempton Park

It has become compulsory for body corporates to have specific insurance cover in place to comply with recent published legislation. NIC Brokers are operated by a team of dynamic leaders who has combined unparalleled experience, comprehensive capabilities across all products; personal and business functions. We know that product knowledge and good relationships are of utmost importance. NIC is a member of the Insurance Brokers Council and South African Financial Services and International Association. In order for us to provide our clients with the best possible monthly premium we source quotes from a wide variety of product suppliers. These product suppliers include insurers and underwriting managers. Important information for all our clients Every effort is made to ensure you fully understand the insurance product and the organisations involved in delivering the service to you. If at any time you feel we have not provided you with information required, please ask us and we will gladly provide you with such information. Financial Service Provider This is your insurance broker, who is sometimes referred to as an Intermediary. Underwriting Managers They are appointed by an Insurer to provide and manage specific insurance products on their behalf. The underwriting managers are responsible for the administration and portfolio management for the insurer. Product Supplier The Product Suppliers can be either insurers or underwriting managers on behalf of insurers. Distribution Channel These are arrangements with any of the above or combination of these that provides support or services to us in our role of providing a financial service to you. Financial Advisory and Intermediary Services Act (FAIS) This legislation was introduced to ensure there are minimum standards set within the Financial Services Sector, to ensure you receive the highest possible level of service and protection. It governs, amongst other things, the following: 1) The financial stability of the Financial Service Provider. 2) The honesty and integrity of the Financial Services Provider.