By Favour Nnabugwu
The Chairman of the Nigerian Insurers Association, Mr Segun Omosehin, has said the Consolidated Insurance Bill is going through the final legislative process to get a presidential accent.
Omosehin said the Bill is going through process’s of the final that will be present to President Mujammadu Buharii got appendage on the bill to make a law.
Speaking during a press conference in Lagos, the NIA chairman said, “The process for reviewing the Insurance Act 2003 has been ongoing since the year 2020 when the Consolidated Insurance Bill was proposed.
“Since then, we have been following through with all the processes and I am indeed delighted to inform you the Bill has been passed. It is currently going through the remaining legislative procedures preparatory to the Presidential accent.
“We are hopeful that it will receive speedy attention so that the industry can begin to tap into the opportunities provided by the new law.”
