Insurance Act, 2006 (Act 724)

Section 27: (1) An insurer shall submit its licence to the Commission where (a) the licence expires,(b) the licence is suspended or revoked, or(c) it is required by the Commission to do so for a stated reason.(2) An insurer that contravenes subsection (1) is liable to pay to the Commission the pecuniary 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