In insurance, the insurance policy is a contract between the insurer and the insured, known as the policyholder, which determines the claims which the insurer is legally required to pay. … The textbook also states that the policy must refer to all papers which are part of the policy tsarin rayuwa ingantacce na tallafin al amura da suka shafi rasa dukiya a shiga domin inganta rayuwa sai a kula wajen shiga
The NIA was established in 1971 as an umbrella organization for all insurance companies in Nigeria. It has since then, offered its members a forum to speak to one another and for all of them to speak with one voice to the Government, its agencies and other parties on matters affecting insurance business. The NIA organizes conferences, seminars and other events for members and also publishes a wide range of books and journals.
The goal of the Association is to protect and advance the common interests of Insurers in Nigeria by creating and sustaining a positive image for the Insurance industry and contributing to legislation, and decisions made by the Government and other public Authorities in the best interest of the industry in particular and the national economy in general