Which body regulates insurance companies in Nigeria?
The National Insurance Commission (NAICOM) is the primary regulatory body for the insurance industry in Nigeria.
Which body regulates insurance companies in Ghana?
The National Insurance Commission (NIC) was established under Insurance Law 1989 (PNDC Law 227), and now operates under Insurance Act, 2006 (Act 724). The object of the Commission is to ensure effective administration, supervision, regulation and control the business of Insurance in Ghana.
Which body regulates insurance companies in Kenya?
The Insurance Regulatory Authority is a statutory government agency established under the Insurance Act (Amendment) 2006, CAP 487 of the Laws of Kenya to regulate, supervise and develop the insurance industry.
Who regulates insurance companies in the US?
Insurance is regulated by the states. This system of regulation stems from the McCarran-Ferguson Act of 1945, which describes state regulation and taxation of the industry as being in the public interest and clearly gives it preeminence over federal law. Each state has its own set of statutes and rules.