The National Insurance Commission (NAICOM) has declared zero tolerance for any insurance company that fails to pay policy claims to any of its policy holders.
The Commissioner for Insurance, Olusegun Omosehin, made the declaration during a joint press conference with the Federal Road Safety Corps (FRSC) in Abuja on Thursday.
The commissioner said both the FRSC and all Nigerians should be free to report any issue of irregularity or poor treatment by any insurance company, promising that the commission will treat any report from anywhere.
This was as the FRSC asked the insurance commission to develop a code or technology-based system for easy verification of insurance certificates with a focus on curbing fake certificates in the country.
“The issue of fake insurance certificate has to be dealt with. Devise a way to authenticate or verify an insurance certificate,” RFSC’s GCF in charge of training said at the conference, adding that fake insurance certificate was affecting the integrity of the insurance industry.
