INSURANCE ACT

Section 46: Cancellation of registration of a loss adjuster.

2003Section 46 of 103Federal Republic of Nigeria

(1) If the Commission is satisfied that a registered loss adjuster-
(a) has knowingly or recklessly contravened the provisions of this Part of this Act;
(b) has, for the purpose of registration or payment of a levy to the Commission, made a statement which is false in any material particular;
(c) has been found guilty by a court of competent jurisdiction of fraudulent or dishonest practices (including misappropriation of client's moneys) ; or
(d) has in any manner displayed any act of professional misconduct, the Commission shall give notice in writing of its intention to cancel the registration or to refuse its renewal and the provisions of section 7 of this Act shall apply as if references therein to applicant were references to a loss adjuster under this subsection.
(2) A person aggrieved by the intention of the Commission to cancel the registration of a loss adjuster may within 30 days after the date of the notice of the Commission's intention to so act, lodge with the Commissioner, a notice of appeal to the Board.

Cite this section

Section 46, INSURANCE ACT (2003).

https://repo.podus.ai/laws/insurance-act/section/46/