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Possible Answers: NIC.
Last seen on: –LA Times Crossword 11 Jun 2018, Monday
LA Times Crossword 17 Sep 2017, Sunday
Random information on the term “NIC”:
National Insurance Corporation Limited, commonly referred to as National Insurance Corporation (NIC), is an insurance company in Uganda. The company is a leading provider of insurance and risk management services in the country.
NIC, one of the licensed insurance companies in the country, is a medium-sized insurance services provider in Uganda. As of December 2013[update], the company’s total assets were estimated at US$32.8 million (UGX:85.04 billion). During the financial year that ended December 2013, the company realized approximately US$787,400 (UGX:2.02 billion) in after-tax profit. At that time, shareholders’ equity was calculated at about US$10.4 million (UGX:26.611 billion).
NIC was established by an Act of Parliament in 1964. Before 2005, all of the company was owned by the Ugandan government. In June 2005, the government divested 60 percent of its shares in NIC. These shares were acquired by Industrial and General Insurance Company Limited of Nigeria. In December 2009, the government began the process of divesting entirely from the company by floating its 40 percent shareholding on the Uganda Securities Exchange.