Question: Q2.3 STATUTORY INTEREST ACCOUNT (Compensation Fund). Maintained under the PSBA Act which supports consumers who have experienced financial loss as a result of agent misconduct.


Q2.3 STATUTORY INTEREST ACCOUNT (Compensation Fund). Maintained under the PSBA Act which supports consumers who have experienced financial loss as a result of agent misconduct. Interest earned on agency trust accounts is forwarded to this account directly from the banks
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