Our Act
ARRANGEMENT OF SECTIONS
Establishment of the Nigerian Agricultural Insurance Corporation, etc.
SECTION
Establishment of the Nigerian Agricultural Insurance Corporation.
Establishment and composition of the Board of Directors, etc.
SECTION
Establishment of the Nigerian Agricultural Insurance Corporation.
Establishment and composition of the Board of Directors, etc.
Functions and powers
Functions of the Corporation.
Functions of the Board.
Powers of the Board.
Functions of the Corporation.
Functions of the Board.
Powers of the Board.
The Agricultural Insurance Scheme
Establishment of the Agricultural Insurance Scheme, etc.
Qualifying cover.
Risks to be covered.
Rate of premium.
Indemnity.
Requirement for indemnity.
Bearing of losses.
Participating farmer.
Remittance of premiums by lending institutions. etc.
Establishment of the Agricultural Insurance Scheme, etc.
Qualifying cover.
Risks to be covered.
Rate of premium.
Indemnity.
Requirement for indemnity.
Bearing of losses.
Participating farmer.
Remittance of premiums by lending institutions. etc.
Staff of the Corporation
Managing Director and Executive Directors.
Secretary and other staff of the Corporation.
Pensions
Managing Director and Executive Directors.
Secretary and other staff of the Corporation.
Pensions
Reserve fund
Reserve fund.
General reserve fund.
Reserve fund.
General reserve fund.
Financial provisions
SECTION
Share capital of Corporation, etc.
Liability of shareholder limited.
Fund of the Corporation.
Expenditure of the Corporation.
Accounts and audit.
Annual report.
SECTION
Share capital of Corporation, etc.
Liability of shareholder limited.
Fund of the Corporation.
Expenditure of the Corporation.
Accounts and audit.
Annual report.
Miscellaneous
Limitation of suit against the Corporation.
Service of documents.
Restriction on execution against the property of the Corporation.
Indemnity of officers and other employees of the Corporation.
Corporation not to be exempt from taxation, etc.
Extended application of the Insurance Act.
Liquidation.
Dissolution of the Nigerian Agricultural Insurance Company Ltd, etc.
Regulations.
Interpretation.
Short title.SCHEDULE
Supplementary provisions relating to the Board, etc.
Limitation of suit against the Corporation.
Service of documents.
Restriction on execution against the property of the Corporation.
Indemnity of officers and other employees of the Corporation.
Corporation not to be exempt from taxation, etc.
Extended application of the Insurance Act.
Liquidation.
Dissolution of the Nigerian Agricultural Insurance Company Ltd, etc.
Regulations.
Interpretation.
Short title.SCHEDULE
Supplementary provisions relating to the Board, etc.
NIGERIAN AGRICULTURAL INSURANCE CORPORATION ACT
An Act to provide for the establishment, functions and funding of the Nigerian Agricultural Insurance Corporation for the purposes of insuring agricultural or agro allied projects against selected natural hazards; and to further empower the Corporation to carryon other insurance businesses as may be permitted. [1993 No. 37.]