NIC Holdings has come out to explain the suspension of the operating licence for NIC Life Assurance Company Limited (NIC Life). The Insurance Regulatory Authority – IRA recently suspended the operating licence NIC Life Assurance Company Limited (NIC Life) due to the delayed appointment of Managing Director/Principal Officer. NIC Life is a subsidiary of NIC Holdings Limited. The Board says they had advertised the position in the newspapers in July, 2022 and that the process of recruiting a substantive Chief Executive Officer was underway. Elias Edu, Esq, Company Secretary says in a meeting, with the regulator on 12th August, 2022…
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