On the backdrop of the disruption caused the pandemic, it is safe to conclude that business and individuals are now exploring far-reaching insurance coverage. In this article, Aaron Onyebuchi reviews the policy of “NO PREMIUM, NO COVER” under Nigerian law and why it is critical for an insured party to ensure prompt and full payment of premium, immediately upon conclusion of an insurance contract.

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THE POLICY OF “NO PREMIUM, NO COVER” UNDER NIGERIAN LAW

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