L
LequteMan
Guest
Nigerian authorities have banned 108 insurance firms from operating in the country.
The National Insurance Commission has removed the insurance brokers out of the list of 421 licensed practitioners operating in the country, for failing to renew their licences.
“NAICOM decided to take this action against them because they failed to renew their licences … months after the expiry date,” a NAICOM official said according to PUNCH.
The affected brokers will not be allowed to renew their operating licences or practise as insurance brokers after their names are published.
If they are still interested in the brokerage profession, they will have to go through another process of obtaining new licences.
The National Insurance Commission has removed the insurance brokers out of the list of 421 licensed practitioners operating in the country, for failing to renew their licences.
“NAICOM decided to take this action against them because they failed to renew their licences … months after the expiry date,” a NAICOM official said according to PUNCH.
The affected brokers will not be allowed to renew their operating licences or practise as insurance brokers after their names are published.
If they are still interested in the brokerage profession, they will have to go through another process of obtaining new licences.
