… Insurance to soon emerge as major driver of our economy- Rep Nwokocha
The House of Representatives Committee on Insurance and Actuarial Services on Monday vowed to properly exhaust and streamline the Third Party Act of 1945 to fit into modern-day reality in the proposed 2020 Act.
Speaking at a two-day Public Hearing ‘ organised by the House committee on Insurance and Actuarial Services, Chairman of the House Committee, Hon Darlington Nwokicha said:
“Having taken time to study the insurance Act 2003 and other pieces of insurance legislation in Nigeria, we can confirm that much of the provisions of the insurance laws are out of tune with modern realities.