NAICOM cancels Universal Insurance Plc’s registration, appoints Receiver/Provisional Liquidator
The receiver further directed all persons and institutions dealing with the company’s assets, funds, records, policies, claims, liabilities or affairs to verify the authority of anyone purporting to act for or on behalf of Universal Insurance during the liquidation process.
The notice said the receiver had been appointed following the cancellation of Universal Insurance’s licence by NAICOM on account of its failure to meet the applicable minimum capital requirement.
By Innocent Anaba The National Insurance Commission, NAICOM, has cancelled the certificate of registration of Universal Insurance Plc and appointed a receiver/provisional liquidator to commence the process of winding up the affairs of the insurance company.
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