Guidelines On Applications For Approval Of New And Repackaged Life Insurance Products

An assignment is an agreement where one party in a contractual relationship transfers some or all of their rights under the agreement to a third party. A policyhowner may decide to assign his cash surrender value on a policy to a lender as collateral for a loan. A life insurance company may restrict or prohibit a policyowner from exercising this right of assignment by including an assignment provision which will then state the conditions under which an assignment can be made. 

Procedures to Follow




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Responsible Institution

National Insurance Commission

Accra
Email:info@nicgh.org
Website:info@nicgh.org

Relevant Forms to Download

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Fees & Charges




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