J.I. MENSAH-GADU AND NATIONAL INSURANCE CO. [2001]DLCHRAJ5938

Date	2001-04-09
Suit No.	Our Ref: CHRAJ/229/99/1234
Citation No.	[2001]DLCHRAJ5938

CHRIS DADZIE {MRS}

[2001]DLCHRAJ5938
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													<main id="main" class="content" style="min-height: 60rem" ><span style="font-size:12.0pt;line-height:
115%;font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;mso-fareast-font-family:&quot;Book Antiqua&quot;;
mso-bidi-font-family:&quot;Book Antiqua&quot;;color:#00B050">J.I. MENSAH-GADU<o:p></o:p>(COMPLAINANT)<o:p></o:p>AND<o:p></o:p><span style="font-size:12.0pt;line-height:
115%;font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;mso-fareast-font-family:&quot;Book Antiqua&quot;;
mso-bidi-font-family:&quot;Book Antiqua&quot;;color:#00B050">NATIONAL INSURANCE CO.<o:p></o:p>(RESPONDENT)<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:0in 0in 1.0pt 0in">

<p class="MsoNormal" align="center" style="margin-bottom:5.0pt;text-align:center;
mso-pagination:none;border:none;mso-border-bottom-alt:solid windowtext 1.5pt;
padding:0in;mso-padding-alt:0in 0in 1.0pt 0in">(CHRAJ)<o:p></o:p>

Our Ref: CHRAJ/229/99/1234&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; DATE:
09/04/2001<o:p></o:p>

</div>commissioner:<o:p></o:p>CHRIS
DADZIE {MRS} CHIEF LEGAL OFFICER FOR COMMISSIONER<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:31.0pt 31.0pt 1.0pt 31.0pt;mso-border-shadow:yes">

<p class="MsoNormal" align="center" style="text-align:center;mso-pagination:none;
border:none;mso-border-bottom-alt:solid windowtext 1.5pt;padding:0in;
mso-padding-alt:31.0pt 31.0pt 1.0pt 31.0pt;mso-border-shadow:yes">DECISION<o:p></o:p>

</div>This
complaint was brought against the Respondent for having refused to grant the
Complainant a broker's licence.<o:p></o:p>COMPLAINANT'S CASE<o:p></o:p>According
to the Complainant, he was told he needed 10 years' post-qualification
experience to become a Principal Officer of a brokering company. Fortunately
for him, he had 18years experience after obtaining a West African Insurance
Institute (WAII) Diploma. Yet the Respondent has since 1993 refused to grant
his application for a broker's licence. The Respondent has also refused to
approve Mr. J.V. Essilfie proposed by the Complainant as the second Principal
Officer of his company, Allied Insurance Broker's Ltd. He is therefore asking
the Commission to come to his aid<o:p></o:p>RESPONDENT'S CASE<o:p></o:p>The
Respondent admitted it refused the Complainant's application and proposal but
defended its stand. It stated that the Complainant failed to meet the
requirements of the Insurance Law, 1989 (PNDC 227) and the Insurance
Regulations, 1990 (L.I. 1502). Concerning Mr. J.V. Essilfie, the Respondent
said that he was not approved because, even though he was qualified as a
principal officer, he was already in a full-time employment elsewhere. The
Respondent further requested the Commission to ask the Complainant to stop
operating his Allied Insurance Brokers Ltd. as it had not been registered as
provided under the law.<o:p></o:p>ANALYSIS &amp; FINDINGS<o:p></o:p>During
its investigations, the Commission found the following issues for
determination.<o:p></o:p><ol style="margin-top:0in" start="1" type="1">
 <li class="MsoNormal" style="text-align: justify; border: none;"><span style="font-size:12.0pt;line-height:115%;
 font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;mso-fareast-font-family:&quot;Book Antiqua&quot;;
 mso-bidi-font-family:&quot;Book Antiqua&quot;">Whether the Complainant is qualified
 as a principal officer of a brokering company.<o:p></o:p></li>
 <li class="MsoNormal" style="text-align: justify; border: none;"><span style="font-size:12.0pt;line-height:115%;
 font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;mso-fareast-font-family:&quot;Book Antiqua&quot;;
 mso-bidi-font-family:&quot;Book Antiqua&quot;">Whether the Respondent was justified
 in refusing Mr. J.V. Essilfie as a second principal officer.<o:p></o:p></li>
 <li class="MsoNormal" style="margin-bottom: 5pt; text-align: justify; border: none;"><span style="font-size:
 12.0pt;line-height:115%;font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;mso-fareast-font-family:
 &quot;Book Antiqua&quot;;mso-bidi-font-family:&quot;Book Antiqua&quot;">Whether the
 Complainant's Allied Insurance Brokers Ltd. is doing a lawful business.<o:p></o:p></li>
</ol>Section 2 of the Insurance Regulations
1990 (L.I. 1502) requires every brokering company to have at least 2 full-time
principal officers. As to their qualifications it provides:<o:p></o:p><p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:5.0pt;
margin-left:18.7pt;text-align:justify;mso-pagination:none;border:none;
mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;mso-border-shadow:yes">