NOTICE: Review of Fees Payable to the National Insurance Commission (NIC)

NOTICE: Review of Fees Payable to the National Insurance Commission (NIC)

Pursuant to section 21, 45, and 114 of the Insurance Act 2016, Act 724 obligating all Insurers, Reinsurers and Intermediaries to pay for some of the specific services provided by the National Insurance Commission (NIC), the NIC presents the revised schedule of fees. Please note there is going to be annual reviews of fees after this review to reduce the likelihood of large increases in subsequent years.

Revised fees
The fees have been revised due mainly to the fact that:

  • There have been significant increase in the cost of goods and services, since the previous review in 2013.

Click on the link below to download the revised fees, which takes effect from April 1, 2019.

Revised Fees Payable to the NIC