Insurance commission to order re-certification of insurers quarterly

The National Insurance Commission, NAICOM, says that insurance companies will have to renew their operating licenses every quarter when the Tier Based Minimum Solvency Capital, TBMSC, regime kicks-off. The Commission explains that the move is to ensure that companies meet the required statutory solvency capital level for the tier which they operate. Commissioner for Insurance,…

The post Insurance commission to order re-certification of insurers quarterly appeared first on naija-news.com.



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