Tag Archives: NIC

Court Restrains NIC From Implementing Minimum Solvency Capital Policy

A Federal High Court sitting  in Lagos  south west Nigeria today,restrained the National Insurance Commission (NIC) to stop the implementation of their proposed minimum solvency capital policy scheduled to take effect from Sept 14 pending the expiration of a 30 days pre-action notice issued. The Presiding vacation Judge Justice Muslim Hassan, gave the order in a class action brought by …

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