Section 11: Requirements as to principal office of insurer, 1990 No.1.

(1) An insurer shall, on the day it is registered to commence business in Nigeria, have a principal office to which all communications and notices may be addressed, so that a postal box address or a private mail bag address shall not by itself only be sufficient for the purposes of the foregoing requirement.
(2) Notice of the location of the principal office or any subsequent change shall be given within 21 days to the Commission who shall record the same.
(3) If an insurer carries on business without complying with the requirements of this section the insurer and every officer commits an offence and are liable each on conviction to a fine of N500 for every day during which the insurer so carries on business.
(4) The fact that the address of an insurer is included in its application or in its annual return or any other return to the Commission shall not be taken to satisfy the obligation imposed by this section.
(5) Where the insurer is a company incorporated under or pursuant to the Companies and Allied Matter Act 1990, it shall ensure that its principal office under this Act is the same as its registered office within the meaning of that Act.