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Examples
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Sasria, which is now a Section 21 non-profit company under the control of short-term insurers, without the latter's approval, the report said.
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Sasria is the state-owned underwriter established to provide business with an insurance safety net for terrorism and related risk.
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Pearson said that Sasria planned to reduce cover in that an exclusion would be imposed on damage to property by terrorism involving biological or chemical agents.
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CEO Barry Scott said "Sasria is a member of the association, and the policy was not to comment on individual members".
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Strydom said that Sasria never covered nuclear or biological terrorism, but that its policy could be interpreted as such and that this was the reason for the exclusionary clause.
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The group said the increases, accompanied by reduced cover, are difficult to justify in the light of Sasria profits.
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Established new state entities such as Arivia. com, Sasria, Khula, and
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Sasria Feb 2000 Special 7100 7100 restructuring dividend
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Insurance Agency (Sasria) and its stake in telecommunications company, M-Cell.
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Sasria special dividend be used to reduce government debt rather than being repaid to premium payers, Sasria chairman Cyril
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