Examples of National Insurance Commission in a sentence
The Company is regulated by the National Insurance Commission (NAICOM) under the National Insurance Act of Nigeria.
The Company obtained an insurance license from the National Insurance Commission on 8 September 1993 and commenced business operation on 1 January 1994.
Information about significant areas of estimation uncertainty and critical judgements in applying accounting policies that have the most significant effect on the amounts recognised in the financial statements are described in Note 3 to the financial statements.(e)Regulatory authority and financial reporting The Company is regulated by the National Insurance Commission (NAICOM) under the National Insurance Act of Nigeria.
Additional information required by national regulations, the Company and Allied Matters Act CAP C20 Law of the Federation of Nigeria 2004, the Financial Reporting Council of Nigeria Act No. 6, 2011, Insurance Act 2003 and its interpretations issued by the National Insurance Commission in its Insurance Industry Policy Guidelines is included where appropriate.
In reporting financial strength, capital and solvency are measured using the rules prescribed by the National Insurance Commission.
These financial statements are also in compliance with Financial Reporting Council of Nigeria Act, Companies and Allied Matters Act of Nigeria, the Insurance Act of Nigeria and relevant National Insurance Commission (NAICOM) guidelines and circulars.
The Group is regulated in Nigeria by the National Insurance Commission (NAICOM) under the National Insurance Act of Nigeria.
This is in compliance with Section 50 of the Insurance Act, 2003 and the National Insurance Commission Guidelines on Insurance Premium Collection and Remittance (effective 1 January 2013) on “No Premium, No Cover”.
The Company is regulated by the National Insurance Commission of Nigeria (NAICOM) under the National Insurance Act of Nigeria.
The Company is regulated by the National Insurance Commission of Nigeria (NAICOM).