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HARARE – First Mutual Life Assurance Company (FML) finds itself embroiled in a legal dispute with the Insurance and Pensions Commission (IPEC) following a contentious “Corrective Order” demanding substantial payments to policyholders.
First Mutual Holdings Limited (FMHL) has suspended its Annual General Meeting (AGM) pending a forensic audit into allegations that the organisation defied the law on separation of insurance and pension businesses.
A 56-year-old Banket man who attempted to get rich via the express route was arrested for trying to defraud First Mutual Life Assurance Company (FML) of thousands of dollars in funeral assistance by falsely claiming that his sister had died.