Article
Insurance Policyholders’ Protection Fund: Key Obligations For Insurers And Reinsurers Under The New NAICOM Guidelines
The National Insurance Commission (NAICOM) has issued Guidelines for the Insurance Policyholders' Protection Fund (IPPF), requiring all licensed insurers and reinsurers to contribute 0.25% of their Net Premium Income to protect policyholders and beneficiaries. The Guidelines establish a comprehensive framework for funding, management, and utilization of the Fund, with strict compliance obligations and regulatory oversight.
Udo Udoma & Belo-Osagie