CIIN Certificate CF5 Practice Questions - CIIN Certificate CF5 - Motor Insurance Products (Nigeria) Exam

What is the primary role of the Nigerian Insurers Association (NIA) in the motor insurance market?

Issuing certificates of motor insurance on behalf of the government Representing member insurers and promoting industry interests, including market-wide initiatives Setting individual premium rates for every motor policy sold in Nigeria Adjudicating motor claims disputes as a statutory tribunal

Correct Answer:

Representing member insurers and promoting industry interests, including market-wide initiatives

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