Monday, November 20, 2017 6:11:32 PM- Nigerian Stock Exchange.

  7 Compulsory Insurances required by law in Nigeria


Jan 4 (Lagos) - Nigerian Insurers Association (NIA) notified the public that the following Insurances are compulsory in Nigeria.

1) Buildings under construction (2 floors and above). 2003 Insurance Act.

2) All public buildings.

3) Group life for employees. 2014 Pension Reform Act.

4) Annuity for life.

5) Third party Motor Insurance. 1950 Ordinance.

6) Insurance for imports. (Marine) 2003

7) Professional Indemnity for health professionals under the NHIS 1999.

There are 53 Insurance Companies in Nigeria as listed by the NIA in its publication of Jan 4 2015.

reporting for on  Monday, January 4 2015 from Lagos, Nigeria

Readers's Opinion(0)

If you would like to post comments! Please log in.

Community sentiment

Top Stocks creating buzz on easykobo
Finance message boards

Related Articles