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.
Tags:  


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.