NATIONAL INSURANCE COMMISSION ACT

Section 39: Power to obtain information and production of documents.

1997Section 39 of 66Federal Republic of Nigeria

(1) Without prejudice to the power of inspection under this Act, the Commission may at any time-
(a) require an insurance institution to furnish it with information about such matters as it may specify; or
(b) require an insurance institution to produce, at such time and place as it may specify, such books and papers as it may specify.
(2) The power conferred on the Commission under subsection (1) of this section to require an insurance institution to produce books and papers includes power-
(a) if the books and papers are produced-
(i) to take copies of or extracts from them;
(ii) to require a person who is or was at any time, a director, partner, controller, auditor or employee of the insurance institution, to provide an explanation of any of them;
(b) if the books or papers are not produced, to require the person who was required to produce them, to state to the best of his knowledge and belief where they are.
(3) In this section, "books or papers" includes accounts, deeds, writings and other documents.

Cite this section

Section 39, NATIONAL INSURANCE COMMISSION ACT (1997).

https://repo.podus.ai/laws/national-insurance-commission-act/section/39/