Niger Delta Power Holding Company Ltd
No. 17 Nile Street, Maitama, Abuja.
Invitation For Prequalification as a Broker to Provide Insurance Services as may be Required by NDPHC for 2012.
Invitation for Prequalification as an Insurer(Underwriter) to Provide Insurance Coverage as May be required by NDPHC for 2012
The Niger Delta Power Holding Company Ltd is desirous of calling for bids from competent insurance brokers and insurance companies (underwriters) in Nigeria for its insurance program.
All interested insurance brokers and underwriters seeking to be considered must satisfy as a minimum, the following NAICOM’s conditions:
a) Be a limited liability company incorporated in Nigeria and licensed by the National Insurance Commission to operate as an insurance broker or as an insurance company,
b) Have verifiable full time employees with cognate experience in all
classes of insurance.
c) Must have verifiable locational addresses in Nigeria.
d) Insurance Brokers to maintain adequate professional indemnity cover for its activities evidence of which must be provided.
e) Insurance Companies (Underwriters) must have business
relationship with competent re-insurance companies and maintain adequate reinsurance treaty for the class of insurance it intends to bid.
f) Insurance companies (Underwriters) must satisfy the margin of solvency requirement as prescribed by the Insurance Act 2003. i g) Show evidence of payment of taxes as and at when due.
h) Have complied with the provisions of the Pension Reforms Act 2004.
Qualified Insurance Brokers and Insurance Companies (Underwriters) willing to apply in addition to the above must submit the following:
1) Original certified true copy by the corporate Affairs Commission of the company’s Certificate of Registration
2) Original certified true copy by NAICOM of the company’s current license to operate as an Insurance Broker or Insurance Company (Underwriter).
3) Company’s published audited accounts for the years ended 2008, 2009 and 2010
4) Certified true copy by the FIRS of three years tax clearance certificates and the current VAT registration.
5) A profile of Management staff of the company with their qualification and insurance working experience including technical staff.
6) Current evidence of workmen’s compensation insurance.
7) For brokers, certificate of insurance in respect of professional indemnity cover.
8) A statement signed by the company’s CEO of its staff strength and locational addresses,
9) Evidence of compliance with the provisions of the Pension Reform Act 2004 as they relate to pensions – Pensions Registration and Group Life Insurance certificates to be included.
Three (3) copies of the bound prequalification submission and supporting
Documents must be submitted in sealed envelop marked “Prequalification of Insurance Broker for Insurance of NDPHC Assets 2012 or “Prequalification of Insurance Company (Underwriter) for Insurance of NDPHC Assets 2012” as the case may be to reach:
The Office of the Executive Director
Finance and Administration
Niger Delta Power Holding
Company Ltd
17, Nile Street
Maitama
Abuja.
The submission should reach the above address by 12.00 noon (Nigerian time) on or before Friday December 9th, 2011
This notice and prequalification process shall not place any commitment on NDPHC nor establish any legal relationship whatsoever.
