Insurance Act, 2006 (Act 724)

Section 30: (1) The Commission may, on giving thirty days' written notice to an insurer (a) vary or revoke a condition for a licence, or(b) impose new conditions on the insurer.(2) An insurer may apply to the Commission in writing for a licence condition to be revoked or varied:(3) Where, on an application made under subsection (2), the Commission is satisfied that the condition for a licence is no longer necessary or should be varied, it may revoke or vary the(4) Where the Commission revokes or varies a condition for a licence or imposes a new condition, the insurer shall deliver its licence to the Commission for the licence to be varied accordingly.

Procedures to Follow

Not Avaiable

Responsible Institution

National Insurance Commission


Relevant Forms to Download

Not Available

Fees / Charges

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