Thursday, 2 July 2015

NICON, Unic Insurance three others to pay N21.6m for infractions



NICON Head Office
Chuks Udo Okonta

Five insurance companies are to pay about N21.6 million for their failure to submit 2013 financial accounts, Inspen can report.

According to the National Insurance Commission (NAICOM) the companies are: Alliance & General insurance; Alliance & General Life Assurance; NICON Insurance Limited; Spring Life Assurance and Unic Insurance Plc.

The amount was derived from the stipulated daily fine of N5, 000 for failure to submit accounts after June 
30.

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