Insurance WAEC

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

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.

Sunday

Share
Published by
Sunday
Tags: Insurance

Recent Posts

List of Universities Offering Veterinary Medicine in Nigeria

Veterinary medicine is the branch of medicine that deals with the prevention, diagnosis, and treatment…

3 months ago

List of Universities Offering Anthropology in Nigeria

Anthropology is the scientific study of human beings and their cultures. It encompasses a wide…

3 months ago

List of Universities Offering Sociology in Nigeria

Sociology is the scientific study of human society, culture, and behavior. It examines the social…

3 months ago

List of Universities Offering Social Work in Nigeria

Social Work is a profession dedicated to helping individuals, families, and communities to cope with…

3 months ago

List of Universities Offering Religious Studies in Nigeria

Religious studies is an academic discipline that explores the beliefs, practices, and history of various…

3 months ago

List of Universities Offering Public Administration in Nigeria

Public administration is the field of study and practice that focuses on the organization and…

3 months ago