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NAICOM slams mega fines on insurers

...over local content infractions, blind covers…Members have been warned, says NIA

Insurance companies in the country are feeling the heat from the National Insurance Commission (NAICOM) over infractions bordering on failure to comply with local content laws, issuance of blind covers, corporate governance breaches and other unethical practices. The industry regulator has been imposing fines on insurance companies in its bid to sanitise the industry. Some…

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