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ASSET MANAGEMENT CORPORATION OF NIGERIA (AMCON)-

EXPRESSION OF INTEREST FOR ENGAGEMENT AS INSURANCE BROKERS AND UNDERWRITERS ON GROUP LIFE AND NON-LIFE INSURANCE POLICIES FOR 2021 FINANCIAL YEAR

ASSET MANAGEMENT CORPORATION OF NIGERIA (AMCON)
417 TIGRIS CRESCENT AGUIYI IRONSI STREET, MAITAMA – ABUJA
EXPRESSION OF INTEREST FOR ENGAGEMENT AS INSURANCE BROKERS AND UNDERWRITERS ON GROUP LIFE AND NON-LIFE INSURANCE POLICIES FOR 2021 FINANCIAL YEAR

1. INTRODUCTION
Asset Management Corporation of Nigeria (AMCON) was established by the AMCON Act, 2010. In order to insure and evaluate pledged collaterals of acquired Eligible Bank Assets (EBAs) and proprietary assets for the purpose of establishing proper records, AMCON requires reputable and competent firms of Insurance Brokers and Underwriters to provide services for the 2020 financial year.

2. REQUIREMENTS
EXPRESSION OF INTEREST FOR ENGAGEMENT AS INSURANCE BROKERS AND UNDERWRITERS ON GROUP LIFE AND NON-LIFE INSURANCE POLICIES FOR 2021 FINANCIAL YEAR

S/N BROKERS UNDERWRITERS
1 Evidence of Certificate of Incorporation Evidence of Certificate of Incorporation
2 Evidence of Certificate of registration to operate or renewal License from NAICOM (CTC required) Evidence of Certificate of registration to operate or renewal License from NAICOM (CTC required)
3 Evidence of Professional Indemnity cover Evidence of Reinsurance arrangement for classes of businesses.
4 Evidence of Tax Clearance Certificate for the preceding three (3) years Evidence of Tax Clearance Certificate for the preceding three (3) years
5 Evidence of VAT registration with TIN Evidence of VAT registration with TIN
6 Evidence of three (3) years Audited Accounts duly stamped and signed by an auditor Evidence of three (3) years Audited Accounts duly stamped and signed by an auditor
7 Evidence of current payment of Annual returns to Corporate Affairs Commission (CAC) Evidence of current payment of Annual returns to Corporate Affairs Commission (CAC)
8 Evidence of current membership of the Nigerian Council of Registered Insurance Brokers (NCRIB) Evidence of current membership of the Nigerian Insurers Association (NIA)
9 Evidence of current Industrial Training Fund (ITF) compliance Certificate expiring 2020 Evidence of current Industrial Training Fund (ITF) compliance Certificate expiring 2020
10 Company Profile including Management and Personnel of the Company Supported with curriculum vitae Company Profile including Management and Personnel of the Company Supported with curriculum vitae
11 Evidence of registration with Bureau of Public Procurement (BPP) Evidence of registration with Bureau of Public Procurement (BPP)
12 Evidence of Pension Certificate expiring 2021 Evidence of Pension Certificate expiring 2021
13 Evidence of registration with Nigeria Social Insurance Trust Fund (NSITF) Evidence of registration with Nigeria Social Insurance Trust Fund (NSITF)
14 Evidence of professional indemnity cover Nil
15 Affidavit affirming that documents and information provided are accurate Affidavit affirming that documents and information provided are accurate
16 Evidence of registration with Financial Reporting Council Evidence of registration with Financial Reporting Council

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