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Housing Minister Assures On Compliance With Compulsory Building Insurance Laws

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By Sola Alabadan

The Minister for Housing and Urban Development, Ahmed Musa Dangiwa,has promised to collaborate with the National Insurance Commission (NAICOM) to ensure compliance with the laws on public buildings and buildings under construction.
He gave this assurance on Wednesday in Abuja when the Commissioner for Insurance, Olorundare Thomas and a delegation from NAICOM, paid a courtesy visit to the minister.
Section 64 of the Insurance Act 2003 makes mandatory the insurance of buildings under construction where more than two floors are envisaged. The insurance is to cover the liability of the owner of the building in respect of the negligence of his servants, agents or consultant.
Section 65 of the Insurance Act provides that the owner or occupier of every public building must be insured against liability for loss or damage to property or death or bodily injury caused by collapse, fire, earthquake, storm or flood. The insurance Act defines a public building as one to which members of the public have access to for educational, recreational, medical and commercial purposes
The visit by the Commission was part of NAICOM `s efforts to ensure the success of the 2023 National Insurance Conference scheduled to hold from 22-24 October 22 to 24 in Abuja.
The visit afforded the Commissioner the opportunity to apprise the Minister of activities of the Commission, even as the NAICOM boss also formally requested the physical attendance of the Minister at the annual conference being organised by the Commission.

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