NAICOM, AMMC Set Up Committee To Enforce Compulsory Insurances

The National Insurance Commission (NAICOM) and the Abuja Metropolitan Management Council (AMMC) have set up a joint committee  to enforce compliance by building developers and Occupiers of Public Buildings with regard to sections 64 & 65 of the Insurance Act 2003.

The existing six compulsory insurance covers include third-party motor insurance, employer’s liability/ workmen’s compensation insurance, group life assurance, health care professional indemnity insurance, and occupiers’ liability insurance or insurance of public buildings.

The decision to set up the committee was taken during a courtesy visit by the management team of AMMC led by the Director, Development Control at the Federal Capital Territory Administration, Mr. Mukhtar Galadima, to the National Insurance Commission (NAICOM) yesterday. 

According to a statement by NAICOM yesterday made available to journalists, the purpose of the visit was to explore areas of collaborations in order to enforce compliance by building developers and Occupiers of Public Buildings with sections 64 & 65 of the Insurance Act 2003.

“The two Agencies have setup a Joint Committee to work out the modalities for the enforcement of these compulsory insurances within the FCT,” the statement stated.

The team from AMMC, according to the statement, was received by the Commissioner for Insurance/CEO, NAICOM, Mr. Olorundare Sunday Thomas, and his Management team, at the Commission’s Corporate Headquarters in Abuja.