GBM Milling sued over unpaid insurance premiums

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THE Zambia State Insurance Corporation (ZSIC) has sued a milling company belonging to Kasama Member of Parliament, Geoffrey Mwamba popularly known as GBM for alleged failure to pay more than K58, 000 in insurance premiums.
ZSIC general insurance limited has asked the Lusaka High Court to order GBM Milling Company to pay the sum of K58, 107.28 owed to it.
The Corporation has also asked the court to order the milling company to pay damages  for breach of contract, interest, costs for court proceedings and any other relief the court may deem fit.
ZSIC stated in its writ of summons filed in the principal registry yesterday that it was at all material times an insurance company incorporated under the Company’s Act.
It stated that on various dates from December 31, 2009, GBM milling entered into contracts to have their interests insured by ZSIC under various insurance policies.
ZSIC said the milling company was in arrears on insurance premiums from December 31, 2009, to date and was in breach of contracts.
It further alleged that GBM Milling Company had refused, failed or neglected to pay the insurance, the reason for the court action.

 

Times of Zambia

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