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Penalties For Non-Compliance With NIC Directives

A lead insurer who fails to pay the co-insurers premiums received o their behalf within 7 days of receiving such premiums will be liable to a penalty 0 10 times the amount of premium not remitted to the co-insurer(s).

Subject : Penalties For Non-Compliance  

Procedure to Follow


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Responsible Institution
Relevant Forms to Download

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Online System
Fees/ charges

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