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NAICOM Revokes Universal Insurance Licence, Appoints Liquidator

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NAICOM Revokes Universal Insurance Licence, Appoints Liquidator

The National Insurance Commission has revoked the operating licence of Universal Insurance and appointed a liquidator.


The National Insurance Commission (NAICOM) has revoked the operating licence of Universal Insurance and appointed a liquidator, according to reports.

The move is part of the regulator’s oversight of the insurance sector and its enforcement of solvency and operational standards.