Phabbyfundz
Active member
I would say that since insurance is a matter concerning the citizens ,government officials, even civil servants, government doctors and workers , I would like to know if this insurance companies are owned by the government as a means for helping citizens who pay a stipulated amount of money at a said time (weekly, monthly or yearly) over a period of time against any unfortunate event or unforseen disaster.
As the importance of insurance companies cannot be overemphasized and is a matter which concerns the citizens is it the government that runs this insurance companies or is left to private individuals or companies or even foreign based individuals to handle. And how are the insurance companies regulated if it is mainly owned by private investors, Individuals or private companies.
Is the government actively involved in insurance.
As the importance of insurance companies cannot be overemphasized and is a matter which concerns the citizens is it the government that runs this insurance companies or is left to private individuals or companies or even foreign based individuals to handle. And how are the insurance companies regulated if it is mainly owned by private investors, Individuals or private companies.
Is the government actively involved in insurance.