insurance brokers

  Click  HERE  for FULL LIST OF LAPSED INSURANCE BROKERAGE LICENCES

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With effect from October 1,  2012, it will become an offence for any insurance company to provide insurance cover without collecting the insurance premium due. Similarly, insurance brokers shall notify insurance companies within 48hours of receiving insurance premium collected from clients (policyholders). Failure to do so makes such broker liable to  fine of N250,000 in [...]

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The National Insurance Commission (NAICOM) has suspended Alliance and General Insurance Company Ltd, A&G Life Assurance Plc and Fidelity Bond Insurance Brokers from transacting further insurance business for a period of six (6) months with effect from August 6, 2012 for gross violations of thrthe relevant provisions of the National Insurance Commission Act 1997 and [...]

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The Nigerian Insurers Association (NIA) have been commended  by the National Insurance Commission (NAICOM), the Nigerian Council of Registered Insurance Brokers (NCRIB), Federal Road Safety Commission (FRSC), the Nigeria Police, Vehicle Inspection Officers (VIO) and the  Nigerian Customs Service for the development and deployment of electronic database  to eliminate fake third party motor and marine insurance [...]

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