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NIC's intention to ban cover notes: the probable challenges for insurers   - The Business & Financial Times

NIC's intention to ban cover notes: the probable challenges for insurers - The Business & Financial Times
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Nigerian Insurance Laws Outdated - Reps

Nigerian Insurance Laws Outdated - Reps
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2020 Insurance Act: We'll properly x-ray Third Party Act of 1945 ― Reps C'ttee

… Insurance to soon emerge as major driver of our economy- Rep Nwokocha
The House of Representatives Committee on Insurance and Actuarial Services on Monday vowed to properly exhaust and streamline the Third Party Act of 1945 to fit into modern-day reality in the proposed 2020 Act.
Speaking at a two-day Public Hearing ‘ organised by the House committee on Insurance and Actuarial Services, Chairman of the House Committee, Hon Darlington Nwokicha said:
“Having taken time to study the insurance Act 2003 and other pieces of insurance legislation in Nigeria, we can confirm that much of the provisions of the insurance laws are out of tune with modern realities. ....

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Breaking News | Nigerian insurance laws outdated ― Reps

as Emefiele calls for upward review of medical insurance
By Levinus Nwabughiogu -Abuja
House of Representatives on Monday submitted that the country’s insurance laws were outdated and completely out of touch with the realities of modern times.
To this end, the House through its Committee on Insurance and Actuarial Services resolved to tinker with the extant pieces of legislation.
Chairman of the House Committee, Hon. Darlington Nwokocha made the disclosure at a two-day Public Hearing on Insurance amendment bill, 2020.
Citing an instance, Nwokoocha said that the Third Party Insurance Act of 1945 still has fines prescribed in colonial pounds sterlings instead of Naira. ....

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Nigerian insurance laws outdated ― Reps

Nigerian insurance laws outdated ― Reps
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