Finance
ZETA Insurance Brokers Shut Down For Operating Illegally
The National Insurance Commission (NIC) has completely shut down ZETA Insurance Brokers for operating illegally.
According to the commission, the said company has been operating for the past five years in Accra.
Addressing the media on Thursday, the Commissioner of Insurance, Justice Yaw Ofori says the Police are currently investigating the matter.
“We did our investigation based on the hard work of our Special Investigation Unit and those involved have been referred to the Police and I believe the Police have actually started with their investigation and eventually will prosecute them,” he said.
Under the Insurance Act, 2006, Act 724, it is an offence for a company to engage in the business of insurance with an unlicensed intermediary or broker. Mr Ofori says the insurance companies involved have been sanctioned.
He said, “With respect to the insurance companies that were doing business with them, they have been sanctioned and given fines.”
The NIC has therefore advised the general public to desist from engaging the services of ZETA Insurance Brokers for intermediary services as their operation is not recognized by law.
— JoyBusiness
-
Lifestyle2 months ago
Road Safety Authority narrates how buttocks causes road accident
-
GENERAL NEWS2 months ago
Why 15 police officers stormed Owusu Bempah’s church – Kumchacha narrates
-
GENERAL NEWS2 months ago
Watch how Ibrahim Mahama rode Honda superbike to pay last respects to late friend
-
GENERAL NEWS2 months ago
How Offinso residents storm destooled queen mother’s house, demand for new chief
-
South Africa News2 months ago
Woman thrown out of a speeding taxi while on her way to work
-
SHOWBIZ KONKONSAH1 month ago
Junior Pope’s Death: Video of John Dumelo refusing to join canoe for movie shoot over safety concerns resurfaces
-
GENERAL NEWS1 month ago
Deadly clash between youth and navy personnel results in two deaths at Tema Manhean
-
News Africa3 months ago
‘Satanically dubious’ – SCOAN releases statement on BBC’s report about TB Joshua, church