Introduction

1. NAME
The name of the Fund shall be "BANKMED NAMIBIA", hereinafter referred to as "the Fund".

2. LEGAL PERSONA
The Fund is an independent juristic entity, existing separately from its Members and legally capable in its own name of suing and of being sued, of acquiring, holding and alienating movable and immovable property and of acquiring rights and obligations.

3. REGISTERED OFFICE
The principal place of business of the Fund shall be situated at Methealth Office Park, Maerua Park, Corner of Jan Jonker Road and Robert Mugabe Avenue, Windhoek, (P. O. Box 97203, Windhoek) but the Trustees shall have the right to relocate the registered office to any other place in Namibia should the circumstances dictate, such as affordability or office space. The Registrar should be informed in writing of any change in the address of the Fund.

4. OBJECTS AND PURPOSE
The Fund is a non-profit entity with the objects of providing financial or other assistance to its Members in defraying expenditure incurred by them in connection with the rendering of any medical service as contemplated in the Act, and which derives its income from membership fees (in the form of Contributions) or such other sources contemplated by these Rules and the Act.