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Nigerian Reinsurance Corporation Act, 1977 🇳🇬

Nigeria Repealed: 2025-08-05

Repeal Notice

This legislation was repealed on 2025-08-05 by Nigerian Insurance Industry Reform Act, 2025

Table of Contents

Coat of Arms

Nigerian Reinsurance Corporation Act, 1977

  • Published in Official Gazette supplement 29 on 23 June 1977
  • Assented to on 14 June 1977
  • Commenced on 1 July 1976
  • [This is the version of this document at 31 December 2002.]
  1. [Repealed on 5 August 2025 by Nigerian Insurance Industry Reform Act, 2025]
An Act to set up the Nigeria Reinsurance Corporation to undertake reinsurance business within and outside Nigeria and matters related thereto.

Constitution and Functions of the Corporation, etc.

1. Establishment of the Nigeria Reinsurance Corporation

(1)There shall be established a corporation to be known as the Nigeria Reinsurance Corporation (in this Act referred to as "the Corporation") which shall be constituted in accordance with and shall have such powers and duties as are conferred on it by the following provisions of this Act.
(2)The Corporation shall be a body corporate with perpetual succession and a common seal.
(3)The Corporation may sue or be sued in its corporate name and may hold, acquire, and …

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