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Business News of Wednesday, 22 January 2020

Source: www.ghanaweb.com

NIC to clamp down on fake insurance stickers with implementation of MID policy

Mr. Justice Ofori, Commissioner of Insurance (NIC) Mr. Justice Ofori, Commissioner of Insurance (NIC)

The regulatory and supervisory body of the insurance services sector, National Insurance Commission (NIC) says it has begun the implementation of the Motor Insurance Database (MID) policy to clamp down on the menace of vehicles with fake motor insurance stickers plying on roads.

According to a statement by the Commission and copied to GhanaWeb, the implementation of the policy which commenced on January 1, 2020, will also the ensure safety of lives and property.

The statement detailed key features of the Motor Insurance Database (MID), and the commission has advised vehicle owners to take notice of.

Find a copy of the statement below;