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History and Development of Insurance in Nigeria?

Answer

The history and development of insurance in Nigeria started back in 1961 when the thought of insurance regulation first came out after the 1961 J.C. Obande Commission report. This report led to the Department of Insurance in the Federal Ministry of Trade has since transferred to the Ministry of Finance. The report is also responsible for the Insurance Companies Act 1961, which went into effect on May 4, 1967. This act focused mainly on direct insurers.
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When using this website please use common sense. The information provided on this site is intended for your general knowledge only and is not a substitute for professional advice.
http://www.helpfulbox.com/ans/others/704112
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