third party insurance premium

Increase in third party insurance premium

Increase in third party insurance premium

By Francis Ewherido A  CIRCULAR dated December 22, 2022, from the National Insurance Commission, NAICOM, increased the premium and limit of liability of various classes of motor insurance. Motor (third Party Insurance) is one of the six compulsory insurances. What NAICOM did was to increase third party property damage for all categories of vehicles. There […]