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 




Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select atleast one of the reasons

Feedback sent

We appreciate your effort and will try to fix the article