FINRITE is a licensed Financial Services Provider in terms of Section 8 of the Financial Advisory and Intermediary Services Act 2002
( Act No.37 of 2002 ).
The company is authorised to operate in both the Long Term, Short Term and Commercial Insurance Industry. Company Representatives and key individuals are "Fit and Proper", as well as qualified in the products they deal with .
The FAIS Act together with NCA, FICA, CONSUMER PROTECTION BILL, FINANCIAL LAWS AMENDMENT BILL, PRECCA etc., generally creates an administration nightmare for clients.
In response to this, FINRITE continually addresses legislative requirements to ease the burden of compliance by respective clients.