Chuks Udo Okonta
The Nigerian Council of Registered Insurance Brokers (NCRIB) would send the lists of genuine broking firms to clients as a measure of checking activities of fake operators, its President Mrs Laide Osijo, has said.
She told Inspen that the council would also close registeration for members on March 31. She noted that by first week of April, lists of members would be published for the public to know genuine operators.
She said: "Our rule states that we should publish list of members every year. I must not forget to comment the effort of the Commissioner for Insurance for his efforts in promoting the affairs of the council.
"Our law says that registeration with NCRIB is requirement for licensing by NAICOM. Before this year, so many brokers have been going to NAICOM, for registeration. But since the beginning of this year, NAICOM has refused to give any body licence if they did not have the NCRIB registeration certificate. The Commissioner with his team have been doing a good job to ensure people comply with the rules."
She noted that the NCRIB's law allows members to renew their registeration every two years, adding that any operator who fails to observe that would have his/her registeration lasped.
Osijo said the renewer does not just centre on financial obligations, but that the operator must meet all the requirements stated in the law.
She added that the council has standard rule that is used for renewer, stressing that once an operator is able to meet the conditions, his/her license would be renewed.
"If a firm has a new chief executive, the person has to come to us to check if the person is fit and proper to run the organisation. This is because the new executive would be held liable for any thing that happened in the firm.
"If an organisation changes its executive, it has to write us and we would give it six month to present the excutive for examination. If an operator failed to meet up with his financial obligation, his membership will lapse that also is what NAICOM is doing."
She said members have beenn told to renew their membership before March 31, to avoid been shut out of the membership lists.
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