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NIC sets up taskforce

bycitibusinessnews
October 31, 2014
in Banking And Finance, Business, Top Stories
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The National Insurance Commission (NIC) has inaugurated a national taskforce to ensure its directive for commercial buildings and vehicles to be compulsorily insured is adhered to.

The NIC says with the launch of the five-member national taskforce, all individuals and organizations that do not have the compulsory insurance cover for their vehicles and private commercial buildings will be in contempt of the law.
Sections 183 & 184 of the Insurance Act 724 make it compulsory for private commercial buildings, including those under construction to be insured.

The taskforce is to be replicated in all ten regions and will have the mandate to arrest and prosecute offenders.

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According to the Deputy Commissioner of Insurance the objective of the taskforce is to ensure that tenants or owners of private commercial buildings have in place the required insurance policies that will provide adequate compensation for claimants in the event of any accident.

Speaking to Citi Business News the Deputy Commissioner of Insurance Simon Nerro Kodjo Davor said it is important that the law is enforced ‘we have set up this taskforce and they will develop the guidelines to be implemented by the group. Property owners are to make sure that they display a copy of their insurance certificate to avoid closure of buildings which will inconvenience tenants.”

Meanwhile the Director of operations of the Ghana Police Service COP John Kudalor has cautioned members of the Taskforce not to use their position to intimidate, exhort or harass property owners.

“You must not use this as an opportunity to want to settle personal scores or to do anything untoward. Make sure that no monies leak out of your private coffers.”

He called on the taskforce to ensure that the appropriate revenue is generated for national development.

The taskforce has the composition of a representative from the Ghana Fire Service (GFS), two representatives from the Ghana Police Service (GPS), one from operations and the other from the CID, a representative from the Ghana insurance Association and one representative from the National Insurance Commission.

 

By:  Norvan Acquah Hayford/citifmonline.com/Ghana

 

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