Insurance managers in Warri under the auspices of Association of insurance managers and CEO of insurance Brokers, Warri chapter have alleged that some agents of the Delta State Board of internal revenue service were involved in the unauthorized sale of third-party motor insurance policies.
This was made known by the chairman of the Association ,Rtn Benjamin Usiora who disclosed that the act is a violation of the Nigerian Insurance Act of 2003 and NAICOM guidelines.
He stated that the actions of such agents are illegal and exploitative .
Rtn Usiora added that the operational guidelines set by the National Insurance Commission (NAICOM), stated that only licensed insurance companies and registered insurance brokers are authorized to sell insurance products.
He added that the mandate imposed by the board’s agents infringes upon motorists’ rights to freely choose their insurance providers, constitutes an abuse of office, and breaches proper due process.
The group demanded that the Board of internal Revenue service should investigate the activities of the involved agents and appropriate sanctions for those found guilty , put an end to illegal sales of third party motor insurance by it’s agents in all revenue offices in Warri and across the State, direct all revenue officers to limit their responsibilities to the collection of statutory vehicles registration and renewal fees without interfering in the insurance business,amongst others.
The insurance managers demanded that revenue officers’ responsibilities be limited to collecting statutory vehicle registration and renewal fees, without interfering in the insurance business.
Earlier the Chairman of the Delta State Board of Internal Revenue Service, Chief Solomon Ighrapata, while attributing the state’s revenue boost to peace-building efforts and impactful infrastructural projects by the state Governor Rt Hon Sheriff Oborewvori assured members of the Association of Insurance Managers and CEOs of Insurance Brokers Forum, Warri Chapter that the board will set up a committee to investigate the allegations and take appropriate action.
Chief Ighrapata emphasized the board’s commitment to curbing sharp practices and ensuring compliance with regulations.
The meeting was aimed to address concerns and find solutions to improve the relationship between the board and insurance professionals in the state.
