The Commissioner of the National Insurance Commission, Justice Yaw Ofori, has paid a working visit to Tamale.
The visit was to introduce himself to the insurance market and also familiarize himself with the people over who he regulates.
This will be the first time visiting the region upon assuming the role of a commissioner two years ago.
As part of the two day visit, the commissioner will hold a meeting with both the Ghana Police Service and the National Fire Service to discuss how to continue with the compulsory fire insurance for commercial properties.
On the issue of tricycles for commercial purposes, the commissioner indicated that the tricycles have come to stay and various stakeholders must come together to find a way to legitimize them to suit the paradigm shift.
The commissioner after his 2day visit will proceed to the Upper East Region. Commissioner Ofori will on Tuesday 9 April, 2019 take the opportunity to pay a courtesy call on the Overlord of Dagbon Yaa-Naa Abukari II .
He will be heavily accompanied by various staff within the insurance market that operates in the region.
The National Insurance Commission (NIC) was established under Insurance Law 1989 (PNDC Law 227), but now operates under Insurance Act, 2006 (Act 724).
The objective of the Commission is to ensure effective administration, supervision, regulation and control the business of Insurance in Ghana.
NIC is mandated to perform a wide spectrum of functions including licensing of entities, setting of standards and facilitating the setting of codes for practitioners.
The Commission is also mandated to approve rates of insurance premiums and commissions, provide a bureau for the resolution of complaints and arbitrate insurance claims when disputes arise.
Source: Fiilafmonline/Shawana Yussif