Insurance Act, 2006 (Act 724)

Section 45: An insurer shall not issue a new form of insurance product unless the Commission has given its prior written approval for the product.(2) An insurer that contravenes subsection (1) is liable to pay to the Commission the percuniary penalty stated in the First Schedule.

Procedures to Follow

Not Avaiable

Responsible Institution

National Insurance Commission


Relevant Forms to Download

Not Available

Fees / Charges

Not Avaiable