THE National Insurance Commission (NAICOM), the body responsible for the regulation of insurance practice in Nigeria, is expected on Monday to commence the enforcement of its classes of insurance policy in Enugu the Enugu State capital.

The Commission’s enforcement which is expected to track down motorists with fake insurance papers will last for five days.

Disclosing this to newsmen in Enugu on Tuesday was the Assistant Director, Corporate Affairs of the NAICOM, Lucky Fiakpa.

Mr Fiakpa explained that the Commission was worried over the ignorance of many Nigerians on insurance policy, stressing that the regulatory body had consistently embarked on public enlightenment of the need to obtain insurance policy from the right quarters.

The NAICOM image maker noted that many motor owners in the country, for instance, had become victims of non-compensation due to the fact that they got their insurance papers from the wrong quarters.

Mr Fiakpa stated that the classes of insurance included Motor Third Party Insurance, Occupier Liability Insurance, Builders Liability Insurance, Group Life Insurance and Healthcare Professional Indemnity Insurance.

“The National Insurance Commission is the statutory body established in Nigeria to implement all legal provisions at federal, state and local government levels as they relate to insurance and also to regulate and supervise the activities of all insurance/reinsurance companies, insurance brokers, loss adjusters and insurance agents in Nigeria,” he explained.

It will be recalled that the same exercise had been earlier conducted in Abuja and Lagos where local government officials who were dealing in fake insurance business were apprehended and handed over to relevant security agents.

This was in line with the commission to sanitise the nation of high number of fake insurance certificates, most especially third party motor insurance.