All RE5 questions
Regulatory Bodies Short-term Insurance Twin Peaks
Which body regulates the market conduct of short-term insurers in South Africa?
RE5 practice question with a worked answer. This is one of hundreds of FSCA RE5 questions in the RegulatoryExams question bank.
- a) The Financial Sector Conduct Authority (FSCA).Correct
- b) The Prudential Authority (PA).
- c) The National Treasury.
- d) The Road Accident Fund (RAF).
Why this is the answer
Under Twin Peaks the FSCA regulates market conduct (how insurers treat customers), while the Prudential Authority regulates their financial soundness. Treasury makes policy and the RAF is a statutory compensation fund, not a conduct regulator.
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