ADVOKS GLOBAL · KENYA
Central Depositories Act
63A. Insurance
Edition: 2023-12-11 · In force
63A. Insurance
(1)A central depository shall, at all times, maintain an insurance policy to cover loss or damage arising from such occurrences as may be prescribed from time to time by the Authority.(2)A central depository shall obtain and maintain, at a reasonable and competitive cost, one or more insurance policies for such amounts and coverage as may be determined by the central depository in its interests and in the interest of its depositors.(3)The Authority or a central depository agent may inspect the insurance policies maintained under subsection (2) during business hours.(4)A central depository shall notify the Authority and the central depository agents of any reduction in the coverage or amount of any policy of insurance it maintains.