LEGAL ISSUES IN CONTRIBUTION & DOUBLE INSURANCE
Double Insurance & Contribution 1.1 Double insurance arises where the same party is insured with two or more insurers in…
LEGAL ASPECTS OF MARINE CARGO INSURANCE CLAIMS
1. Introduction Section 67 of the Insurance Act 2003 requires compulsory insurance on goods imported into Nigeria. A marine cargo…
RETURN OF PREMIUM ON LIFE INSURANCE POLICIES
1. Introduction This piece looks at the circumstances when an insured may be entitled to return of premiums paid under…
SUBROGATION: MATTERS ARISING
1. The Doctrine of Subrogation When an insured person suffers a loss he will be entitled to money from the…
PROPOSALS FOR REFORM OF THE INSURANCE ACT 2003
PROPOSALS FOR REFORM OF THE INSURANCE ACT 2003 1. Consolidated Insurance Bills. There have been two previous Insurance Bills since…
LEGAL ISSUES IN MOTOR INSURANCE CLAIMS
INTRODUCTION Mandatory insurance 1.1 Motor insurance claims disputes still remain a major cause of litigation in the insurance industry today….
JOINDER OF INSURERS IN THIRD PARTY LITIGATION
Introduction In practice insurers will conduct the defence of litigation by a third party claimant against an insured and will…
THE LEGALITY OF IMPOSITION OF FINES ON INSURERS BY NAICOM
Introduction Regulatory agencies frequently use fines to enforce compliance and punish the violation of regulations. This piece questions the…
MODERN REMEDY OF INSURERS IN NIGERIA FOR BREACH OF DISCLOSURE OR WARRANTY
Introduction The statutory provisions of section 55 of the Insurance Act 2003 altered the common law on the matter and…
NO PREMIUM NO COVER: MATTERS ARISING
Section 50 Insurance Act Section 50(1) of the Insurance Act 2003 states that, “The receipt of an insurance premium…
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