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c) In rendering annual returns, composite insurers shall adhere strictly to the provision of Section 19 of the Insurance Act 2003 regarding separation of .. iii) Ensure effective dissemination of directives and policy changes as may be contained in administrative letters, circulars, guidelines and other relevant statutory
29 Jul 2015 The National Insurance Commission (NAICOM) on Tuesday released guidelines for Market Conduct and Business Practice for all Insurance institutions in the country. The Commissioner for Insurance (CFI) Mr Fola Daniels, represented by the Director of Authorisation and Policy Directorate (NAICOM) , Mr
6 Jan 2010 The National Insurance Commission (NAICOM) has released the 2010 Insurance policy and operational guidelines to operators and it shall form part of the The handbook which contains guidelines on corporate governance issues, unethical practices issues, and other industry concerns has already been
8 Jan 2010 THE National Insurance Commission (NAICOM), has released the 2010 insurance policy guidelines for the industry, to further promote good corporate governance in the sector. The guidelines stipulate stiff sanction for non-compliance. The new code of conduct set out rules in the insurance business
24 Oct 2017 Independent Agent Operational Guidelines ii. Mutual Organizations, Associations, Community Based & Non-Governmental Organizations' Microinsurance Agencies Guidelines iii. Guidelines on State Governments' Implementation of Compulsory Insurances, and iv. Insurance WEB Aggregators Operational
28 Sep 2017 By Maduka Nweke. In order to address the issue of low insurance penetration in the market, the National Insurance Commission (NAICOM) has introduced new insurance operation guidelines. They are the Web Aggregators Operational Guidelines; State Government's Implementation of Compulsory
17 Jan 2018 Insurance industry regulator, the National Insurance Commission (NAICOM) has released the guidelines for Micro Insurance operation in Nigeria. The commission, defined Microinsurance as insurance developed for low income populations, low valued policies, micro and small scale enterprises
NAICOM RELEASES 2008 POLICY GUIDELINES FOR THE INSURANCE. INDUSTRY. Introduction: It is also intended that the guidelines will bring about improved transparency and accountability in industrial operations. To this end, the National Insurance Commission, by the powers conferred on it by the provisions of
17 Feb 2012 THE National Insurance Commission (NAICOM) has released guideline for developing risk management framework for insurers in the country. a risk management department that shall be responsible for measuring, monitoring and controlling risk, consistent with the established policies and procedures.
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