It is an Offence to Erect a Building of 2 Floors or More without Firstly taking out an Insurance Policy. DAILY LAW TIPS (Tip 77)
By Onyekachi Umah, Esq., LL.M, ACIArb (UK)
It is an offence to erect a building of 2 floors or more without firstly taking out an insurance policy against negligence of builder, its servants and agents that may cause damage, injury or loss of life.
Reference
See section 64 of Insurance Act, 2003.
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