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Guidelines

Posts matching Guidelines

Guidelines for Microinsurance Operations in Nigeria

2016-12-20 12:12 PM | by Nigeria Compliancehub

In exercise of the powers conferred by section 7 of the National Insurance Commission Act 1997, the
National Insurance Commission (hereinafter referred to as the Commission) hereby establishes uniform
set of rules, regulations and standards for conduct of Microinsurance business in Nigeria.
This Guidelines shall take effect from 1st January, 2014

The main objectives… Read more

Insurance Premium Collection and Remittance

2016-12-20 4:57 PM | by Nigeria Compliancehub

The regulatory body (NAICOM) has developed a guideline on premium collection and remittance as a result of growing challenges arising from huge levels of outstanding premium reported in the financial statement of insurance companies has prompted the need for this guideline Read more

Guidelines on Insurance Premium Collection and Remittance

2016-12-21 12:16 PM | by Nigeria Compliancehub

In order to protect of the policy holder and other stakeholder from the negative consequence of the existing practice, insurance operators are required to comply with the Guidelines on Insurance premium collection and remittance. These Guidelines state the rule and procedure which Insurance operators must comply with when… Read more

Operational Guidelines Sections

2016-12-21 12:40 PM | by Nigeria Compliancehub

The Guidelines set out the business practice that would be followed by Insurance Intermediaries, in order to strengthen the operational standards within the Insurance Industry; improve on the quality of performance of Insurance Intermediaries; and ensure the institutionalization of effective corporate governance structure for the Insurance Intermediaries.
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