The National Insurance Commission (NIC) says it will from the month of October arrest and prosecute owners of private commercial buildings who fail to insure their buildings.<\/p>\n
Sections 183 & 184 of the Insurance Act 724 makes it compulsory for private commercial buildings, including those under construction to be insured.<\/p>\n
Deputy Commissioner of Insurance Simon Nerro Kodjo Davor speaking to Citi Business News<\/b> said the violation of the law had resulted in the collapse of buildings recently.<\/p>\n
He said the Commission had formed a taskforce which has zoned Accra and will soon begin arresting owners of private commercial properties without the requisite insurance policy.<\/p>\n
He urged the public to lodge complaints with the Commission or Ghana Insurance Association for redress on all issues with regards to insurance.<\/p>\n
\u201cWe want the public to have confidence in the insurance sector. Without the confidence, the sector can\u2019t achieve much,\u201d Mr Davor said.<\/p>\n
The Deputy Commissioner of Insurance Simon Nerro Kodjo Davor told Citi Business News<\/b> that pecuniary penalties would be charged on landlords who fail to take up insurance policy on their properties.<\/p>\n
\u201cAm sure by next month you will see the arrest of property owners who are not complying with the law.\u201d<\/p>\n
<\/p>\n
By:\u00a0 Norvan Acquah-Hayford\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"
The National Insurance Commission (NIC) says it will from the month of October arrest and prosecute owners of private commercial buildings who fail to insure their buildings. Sections 183 & 184 of the Insurance Act 724 makes it compulsory for private commercial buildings, including those under construction to be insured. Deputy Commissioner of Insurance Simon […]<\/p>\n","protected":false},"author":14,"featured_media":50445,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[19],"tags":[4],"class_list":["post-50438","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-health","tag-st-augustines-college"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/50438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50438"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/50438\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/media\/50445"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}