National Insurance Commission

Company name
National Insurance Commission
Address
No.67, Independence Ave., Insurance Place, P.O.Box: CT 3456, Cantonments, Accra, Ghana
Phone Number
0302238300
030 2 238301
Mobile phone
0202012871
Fax
030 2 237248
0302246369

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Questions & Answers

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Questions
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Bernard William Lartey
1 Jul, 2020
Please I have a policy with ezich life which matured last year May, I filled the maturity form the following month June and until now I have not received anything from them over one year two months, please what do I do ?
Adarkwa Minta
29 Jun, 2020
My policy with Esich life have matured for the past two months, I have filled maturity form yet haven't received payment. What do I need to do?
THEOPHILUS AMPAH
12 Apr, 2018
I have a comprehensive with an insurance company .since I presented the police report and estimate of repairs to them they have not said anything in four months.what do I do
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Company Details

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Description
The National Insurance Commission (NIC) was established under Insurance Law 1989 (PNDC Law 227) , but now operates under Insurance Act, 2006 (Act 724). The object of the Commission, as detailed in Act 724 is to ensure effective administration, supervision, regulation and control the business of Insurance in Ghana. NIC is mandated to perform a wide spectrum of functions including licensing of entities, setting of standards and facilitating the setting of codes for practitioners. The Commission is also mandated to approve rates of insurance premiums and commissions, provide a bureau for the resolution of complaints and arbitrate insurance claims when disputes arise.

Other responsibilities include the provision of recommendation to the sector Minister for policy formulation, supervision of practitioners, enforcement of compliance and public education. The development of strong relationships with regulators from other countries and international bodies such as the IAIS and ensuring the conformity of practitioners to internationally accepted standards are also key mandates of the Commission.


The enactment of Act 724 was a major milestone towards a robust insurance regulatory environment as it empowers and grants adequate powers to the Commission. Together with several other initiatives in the past decade, the new Law provides a strong regulatory framework for Ghana's insurance industry.
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National Insurance Commission - company profile is confirmed by company owner / representative person / directory administrator.
Last update: April 2015 - View Status


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