Non-Voting Members
It is important to note that the criteria listed below does not preclude a company (despite meeting the listed criteria below) from making an application to be a voting member.
Qualifying criteria for non-voting (ordinary) membership:
- Companies must be duly established, registered, and authorized in terms of the applicable laws, and offer insurance, savings and investment products;
- Entities with Assets Under Management (AuM) not exceeding N$2 billion; or
- Insurance companies with insurance premium income not exceeding N$1 million per annum;
- Non-voting (ordinary) members may:
- Nominate representatives to serve on NaSIA’s technical committee’s and working groups.
Voting membership fees are calculated as follows:
- Non-voting members are only eligible to pay the fixed fee component (as approved from time to time) of the fees applicable to voting members.
- Non-voting members who are unable to pay the full fixed fee may make an application to the secretariat motivating why they should be allowed to pay a lower fee. The application will be considered (and granted) on a case by case basis.