Bulk Policy Transfer Process

Modified on Tue, 03 May 2022 at 09:23 AM

Policies can be transferred between FSP's either by individual broker appointments, or by bulk transfer. This article details the process to be followed to bulk transfer policies between registered intermediaries.

Bulk Transfer Process

The Key Individual of both FSP's need to provide written consent for the transfer, the first to consent to the transfer and the second to accept the transfer of policies.

Furthermore a control sheet needs to be provided as confirmation that all policyholders were contacted and provided consent to be transferred. Consent may be provided by SMS, email, written confirmation or telephonically and samples provided.

Requests for bulk transfers must be sent to compliance@genric.co.za 

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