• About
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, August 2, 2025
Bislad News
  • Login
  • Home
  • Politics
  • Insurance
  • Pension
  • Paper Presentation
  • Opinion
  • Back In The Days
  • News
  • Business
  • Features
  • Photo Gallery
  • Sports
No Result
View All Result
  • Home
  • Politics
  • Insurance
  • Pension
  • Paper Presentation
  • Opinion
  • Back In The Days
  • News
  • Business
  • Features
  • Photo Gallery
  • Sports
No Result
View All Result
Bislad News
No Result
View All Result

NAICOM cancels TBMSC policy

by Bisi Bamishe
November 23, 2018
in Insurance
ANOTHER MORNING AT NAICOM
Share this:

The National Insurance Commission (NAICOM) has confirmed that it has withdrawn and cancelled the circular on Tier Based Minimum Solvency Capital (TBMSC) policy.

A circular signed by the Director, Policy and Regulation, NAICOM, Pius Agboola, for Commissioner for Insurance, entitled: Withdrawal of Circular on Tier Based Solvency Capital Policy for Insurance Companies in Nigeria and issued to all insurance companies, reads: “Pursuant to the powers conferred by the enabling laws, the Commission hereby withdraws and cancels the Circular dated August 27, 2018 with reference number NAICOM/DAPCIR/14/2018 and titled Tier Based Solvency Capital Policy for Insurance Companies in Nigeria.”

It noted that the withdrawal and cancellation takes immediate effect.

Observers are of the view that the withdrawal and cancellation may probably be connected to the litigation by shareholders, who were not comfortable with the policy.

Read Also:

NAICOM Issues Guidelines For Insurtech Operations ln Nigeria.

Universal Insurance To Roll Out Enhanced Third Party Motor Insurance

They noted that the step taken by the regulator is aimed at terminating the litigation as the parties in court would no longer have any base to pursue their case.

Previous Post

NAICOM Releases Guidelines For State Insurance Producer

Next Post

Linkage Assurance wins Pearl’s insurance industry award

Bisi Bamishe

Bisi Bamishe

I am a journalist with many years of experience in the field of Insurance and Pension. In 2003, I won Nigeria Media Merit Award of the IGI's Prize For Insurance Reporter of The Year

Related Posts

NAICOM Board Approves New Operational Structure For The Commission
Insurance

NAICOM Issues Guidelines For Insurtech Operations ln Nigeria.

July 30, 2025
Universal Insurance To Roll Out Enhanced Third Party Motor Insurance
Insurance

Universal Insurance To Roll Out Enhanced Third Party Motor Insurance

July 25, 2025
PTAD Moves To Enrol Pensioners On National Health Insurance Scheme
Insurance

PTAD Moves To Enrol Pensioners On National Health Insurance Scheme

July 25, 2025
NHIA Employs multi-Pronged Strategies To Improve Health Care
Insurance

NHIA Employs multi-Pronged Strategies To Improve Health Care

July 25, 2025
Heirs Insurance Group Delivers Outstanding Financial Results With 60% Premium Increase To N31.7bn ln FY2023
Insurance

200% Spike in our Digital Revenue Indicates Changing Insurance Consumer Habits – Heirs Insurance Group CDO

July 24, 2025
2022 GPW : STI Records 20% Increase.
Insurance

Sovereign Trust Insurance Plc Records 109% Growth ln Insurance Revenue In 2024.

July 24, 2025
Next Post
Linkage Assurance wins Pearl’s insurance industry award

Linkage Assurance wins Pearl's insurance industry award

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent News

Nigeria’s Port Harcourt Refinery Not for Sale—NNPC Limited

Nigeria’s Port Harcourt Refinery Not for Sale—NNPC Limited

2 days ago
NAICOM Board Approves New Operational Structure For The Commission

NAICOM Issues Guidelines For Insurtech Operations ln Nigeria.

3 days ago
The Commission Will Not Be Held Liable For  Sharing Of Personal Data – NIMC Warms Nigerians

The Commission Will Not Be Held Liable For Sharing Of Personal Data – NIMC Warms Nigerians

5 days ago
Heavyweights Battle For $100,000 ln The Nigeria Prize For Literature 2025

NLNG Deepens Educational Commitment With New Investments In Rivers State

5 days ago

Bisladnews.com is an online publication of Bislad Communication Network Company. It is a news platform dedicated to providing top news.

Follow Us

Browse by Category

  • Back in the days
  • Business
  • Features
  • Insurance
  • Interview
  • News
  • Opinion
  • Paper Presentation
  • Pension
  • Photo Gallery
  • Politics
  • Sports
  • Uncategorized

Recent News

Nigeria’s Port Harcourt Refinery Not for Sale—NNPC Limited

Nigeria’s Port Harcourt Refinery Not for Sale—NNPC Limited

July 30, 2025
NAICOM Board Approves New Operational Structure For The Commission

NAICOM Issues Guidelines For Insurtech Operations ln Nigeria.

July 30, 2025
  • Home
  • Politics
  • Insurance
  • Pension
  • Paper Presentation
  • Opinion
  • Back In The Days
  • News
  • Business
  • Features
  • Photo Gallery
  • Sports

©2024 - Bislad News

No Result
View All Result
  • Home
  • Politics
  • Insurance
  • Pension
  • Paper Presentation
  • Opinion
  • Back In The Days
  • News
  • Business
  • Features
  • Photo Gallery
  • Sports

©2024 - Bislad News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In