The House of Representatives has passed the Nigeria Insurance Industry Reform Act, 2024, establishing a comprehensive legal and regulatory framework for the insurance business, and protect the interests of policyholders in Nigeria. This new legislation recognizes two classes of insurance in the country—life and non-life insurance—and increases the minimum capital requirements across various insurance categories. [...]The post Reps pass Insurance Reform Act 2024 to protect interests of policyholders in Nigeria appeared first on Nairametrics.
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