When the National Insurance Commission in the penultimate week December 2022 announced new tariff for all the range of mobile mechanical devices ranging from motorcycles to tricycles and to lords of the range; private and commercial vehicles and trucks, words that flowed from news desks and IT devices were woven round increase, hike, upgrade and such like.
This caught the attention of first, the national Insurance Commission (NAICOM) and almost following after, the Nigerian Insurers Association (NIA). Event that followed showed that the expression in the media on the lane of ‘increase’ and ‘hike’ did not convene what both expected media interpretation to be. In the first meeting of the Commissioner for Insurance, Sunday Thomas and Chief Executive Officers of insurance companies, it was evident that what they ticked as right word should be dropped in the media.
The opportunity came the day for the first media parley with new NIA Chairman, Olusegun Omosehin (pictured) where the word premium ‘adjustment’ was set as a replacement for and other word used to describe the new motor premium, and also relate with the public that the adjustment has been long coming with higher levels of obligation for insurers.
Sitting at arms length from the Chairman was NAICOM Head of Corporate Affairs and Market Development, Rasaaq Salami, who’s presence was to deliver the preferred word and douse public discontent as regards accepting the motor premium as increase but an adjustment to reflect underwriting experiences and bring to align with the ECOWAs Brown card for motor insurance.
The motor premium NIA and NAICOM emphasised was not limited to premium alone but also affected insurers liability to third party. The adjusted motor tariff raised third party property damage TPPD from N1 million to N3 million.
Hello my friend! I want to say that this article is amazing, nice written and include approximately all important infos. I?d like to see more posts like this.
I am grateful for your post. I would really like to comment that the price of car insurance differs from one insurance plan to another, due to the fact there are so many different issues which contribute to the overall cost. For example, the model and make of the automobile will have a significant bearing on the charge. A reliable aged family motor vehicle will have an inexpensive premium than a flashy expensive car.
I appreciate, cause I found exactly what I was looking for. You have ended my four day long hunt! God Bless you man. Have a nice day. Bye
you have a fantastic blog right here! would you like to make some invite posts on my weblog?
I have learned new things via your blog. One other thing I would like to say is newer computer operating systems have a tendency to allow far more memory to be played with, but they likewise demand more storage simply to operate. If someone’s computer could not handle additional memory and the newest computer software requires that storage increase, it can be the time to shop for a new Computer. Thanks
https://latestnews.com.ua/ – latestnews – information resource that offers you the latest news and analysis in politics, art, economics and information technology. Here you will find detailed reviews of events, as well as interviews with influential people.
https://rhit.vivaldi.net/%d0%b0%d0%bb%d0%bb%d0%b8%d0%bb%d1%83%d0%b9%d1%8f/#comment-642302 – Our site provides up-to-date news from around the world. https://wleepy.com/question/our-site-provides-up-to-date-news-from-around-the-world-2/ – Our site provides up-to-date news from around the world. https://4everfreefriends.com/intrinsicly-streamline-go-forward-internal/#comment-9894 – Our site provides up-to-date news from around the world. 7579ee3
viagra over the counter us
price of effexor
where can i buy nolvadex in australia
cephalexin 100 mg price
I’ve been surfing online more than 3 hours today, yet I never found any interesting article like yours. It?s pretty worth enough for me. In my opinion, if all site owners and bloggers made good content as you did, the net will be a lot more useful than ever before.
It is really a nice and helpful piece of info. I?m glad that you shared this useful information with us. Please keep us informed like this. Thank you for sharing.
you’re truly a excellent webmaster. The web site loading velocity is incredible. It seems that you are doing any distinctive trick. In addition, The contents are masterpiece. you have done a magnificent job in this topic!
I have observed that in the world today, video games include the latest craze with children of all ages. Occasionally it may be extremely hard to drag your family away from the activities. If you want the best of both worlds, there are many educational video games for kids. Good post.
Thanks for sharing your ideas. The first thing is that scholars have a solution between national student loan and a private education loan where it is easier to choose student loan consolidating debts than over the federal student loan.