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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Governmental control of insurance business in Nigeria
Author:Olawoyin, G.A.
Periodical:The Nigerian Law Journal
Geographic term:Nigeria
Subjects:commercial law
Abstract:Until recent years the dominant form of insurance in Nigeria was motor vehicle insurance. The first step taken by any government to make regulations governing insurance business in general, was in 1961 when both the Insurance Companies Act and the Marine Insurance Act were passed by the Nigerian Parliament. Three years later the Insurance (Miscellaneous Provisions) Act was passed. Sections: Why is there a need for governmental control? - How is control exercised? - Pre-registration requirements - Post-registration controls - Conclusions. Ref.