Download Tag: MOTOR INSURANCE

CHAPTER ONE INTRODUCTION 1.1     BACKGROUND OF THE STUDY Insurance can be seen from many points of view according to Hezen Ibeabuchi I. (2000) introduction to insurance, she postulate that insurance is a process of transferring a risk from one party to another. Secondly, insurance can be defined as a contract between two parties the insurer and the insured (proposer), whereby the insured pay a relative amount of money called premium to ...

MOTOR INSURANCE PRACTICE IN NIGERIA ABSTRACT Motor Insurance in Nigeria started before the coming of Britain into the country. The modern insurance was introduced to Nigerians by European Trading Companies, which establish merchants as agents for insurance business. The first insurance company in Nigeria is Royal Exchange Assurance Company, which has its headquarters in Lagos by 1921. The introduction of this company marked the beginning of modern insurance in Nigeria ...