Year: 2019

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Supreme Court issues warning to insurance companies

WINDHOEK - Three judges of the Namibian Supreme Court issued a stern warning to insurance companies that are defying the provision of the Namibia National Reinsurance Act, which compels them to reinsure a portion of their business with NamibRe that their opinion about the unconstitutionality of the Act does not make them immune to the enforcement mechanisms it provides, unless a court makes such a finding through due process of law in an appeal judgment.