
Audio By Carbonatix
The National Insurance Commission, (NIC) says it has cancelled the issuance of manual motor insurance stickers effective January 20, 2020.
According to the NIC, insurance and brokerage firms are to sign onto the NIC motor insurance database (MID) or risk facing sanctions.In a statement, the NIC said "This comes to remind you that with effect from today, January 20, 2019, all motor insurance policies will have to be captured in the MID (portal of the NIC). Given that the current manual stickers are no longer legal with effect from today companies can only use the MID portal for their motor insurance business with immediate effect.”The statement added, “Flouting this directive will be considered illegal and the commission will apply the fullest sanctions, To that effect, all non-life insurance companies are directed to return all unused manual stickers in their possession to the NIC before the close of day Friday, January 24 for a refund.”
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Ibrahim Mahama to pay hospital bills of Ghana’s tallest man battling gigantism
6 minutes -
Eastern Corridor Road to undergo full asphalt reconstruction, not patch repairs – Roads Minister
14 minutes -
Absa Bank empowers Persons with Disabilities through financial literacy programme
58 minutes -
Joyce Bawah Mogtari calls for collective responsibility to tackle flooding and waste management challenges
1 hour -
Agbodza warns contractors against using weather as excuse for road project delays
1 hour -
Ghana Reference Rate rises to 10.59% in July, signalling possible increase in lending rates
1 hour -
Asiedu Nketia urges Africa to move beyond raw material exports through industrialisation
2 hours -
Contractor delaying Weija Paediatric Hospital handover, not government – Health Minister
2 hours -
Auditor-General has recovered nearly GH¢12bn in disallowed expenditure in 2024 – PAC Chair
2 hours -
Roads Minister urges contractors to adopt on-site design reviews to avoid project delays
2 hours -
Agbodza criticises highways officials over failure to report delayed road projects
2 hours -
Government approves rehabilitation of Achimota School roads ahead of centenary celebrations
2 hours -
‘It’s been tough’ – Opare Addo says gov’t needed 18 months to understand youth jobs crisis
2 hours -
Energy Minister engages AGI on strengthening partnership to support industry
2 hours -
Bawah Mogtari urges Ghanaians to turn flood crisis into opportunity for sustainable sanitation practices
2 hours