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The Body Charged With The Responsibility To Promote And Uphold Universally Accepted Standards In The Insurance Business? - Erudites Academy

The body charged with the responsibility to promote and uphold universally accepted standards in the insurance business?

by | Oct 17 | Insurance WAEC | 0 comments

A. Nigeria council of registered insurance brokers
B. chartered insurance institute of Nigeria
C. National insurers association
D. Nigeria insurance commission

Correct Answer: Option D

D. Nigeria insurance commission

Explanation

The National Insurance Commission (NAICOM) was established in 1997 by the National Insurance Commission Act 1997 with responsibility for ensuring the effective administration, supervision, regulation, and control of insurance business in Nigeria and the protection of insurance policyholders, beneficiaries and third parties to insurance contracts.

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