Operation of Section 50(1) of the Insurance Act: Insurance Market Practice as to Premium Collection

7 Pages Posted: 23 Apr 2015

See all articles by Adedamilotun Aderemi

Adedamilotun Aderemi

Independent

Adebola Ogunsanya

Olaniwun Ajayi

Oluwatomilayo Fadoju

Independent

Joseph Onele

Independent; Primus Grace LP; Sustainable Development Laws

Date Written: March 2, 2015

Abstract

The implications of Section 50(1) of the Insurance Act 2003 have been the subject of much debate in recent times. This paper seeks to critically examine the legal issues and market practices as regards the collection of insurance premiums in Nigeria.

Keywords: Insurance, Premium, Insurance Act, Market Practice, Premium Collection

Suggested Citation

Aderemi, Adedamilotun and Ogunsanya, Adebola and Fadoju, Oluwatomilayo and Onele, Joseph, Operation of Section 50(1) of the Insurance Act: Insurance Market Practice as to Premium Collection (March 2, 2015). Available at SSRN: https://ssrn.com/abstract=2584144 or http://dx.doi.org/10.2139/ssrn.2584144

Adedamilotun Aderemi

Independent ( email )

Adebola Ogunsanya

Olaniwun Ajayi ( email )

Floor 4, UBA House
57 Morina
Lagos
Nigeria

Oluwatomilayo Fadoju

Independent ( email )

Joseph Onele (Contact Author)

Independent

Adelaide Law School
Adelaide, South Australia SA 5000
Australia

HOME PAGE: http://https://www.adelaide.edu.au/

Primus Grace LP ( email )

Bourdillion Road, Ikoyi
Lagos, 101233
Nigeria

HOME PAGE: http://https://primusgrace.com/

Sustainable Development Laws ( email )

Aberdeen
Scotland
United Kingdom

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