Mode of Operations. Professional Indemnity Insurance: a. Every Web Aggregator shall possess and continue to maintain a Professional Indemnity Insurance Cover with a minimum limit of liability of N20Miliion or 50% of its annual gross commission income (whichever is higher) throughout the validity period of the Licence granted by the Commission. b. The Indemnity Cover shall be on a yearly basis for the entire period of its licence.
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Sources: Operational Guidelines, Operational Guidelines