The Insurance Consumers Association of Nigeria (INSCAN), has called for the reversal of policy directive on the increase of third-party motor insurance premium by 200 per cent.
He said:” we, the Insurance Consumers Association of Nigeria, an affiliate of the Federal Competition and Consumers Protection Commission of Nigeria, once again introduce ourselves to you as an organisation established in 2010 with objectives to speak for the aggrieved Nigerians on insurance Matters. We hereby demand that the directive to be reversed as it amounts to a deliberate breach of the fundamental principle of the utmost good faith and other decent regulatory principles that guide Insurance practice on your part.
