The Nigerian Insurers Association (NIA) has issued a public notice duly published in a national newspaper announcing the expulsion of three (3) insurance companies from its membership.
According to the publication which was approved by the Governing Council of the NIA, the insurance firms were expelled for failing to meet their obligations to policy holders thus negating the basic principles of insurance
The three afftected insurance compoanies are;
The association stated further that the affected companies should cease forthwith from using its logo on their letterhead and other official documents.
A quick at the market performance of the listed entities among the expelled insurance companies revealed that both Niger Insurance Plc; and Standard Alliance Insurance Plc currently trade at 20k each.
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