ADVOKS GLOBAL · KENYA
Insurance Act
145. Certain business to be ceded to Kenya Reinsurance Corporation
Edition: 2023-12-11 · In force
145. Certain business to be ceded to Kenya Reinsurance Corporation
(1)Subject to this Act, every insurer shall re-insure with the Kenya Reinsurance Corporation Limited such proportion of each policy of insurance issued or renewed in Kenya by the insurer, in such proportion and in such manner and subject to such terms and conditions as are prescribed.(2)Subject to this Act, every insurer shall also place with the Company, in addition to the reinsurance specified under subsection (1), such proportion of its reinsurance business from Kenya placed in the international reinsurance market, excluding facultative reinsurance, in such proportion and in such manner and subject to such terms and conditions as are prescribed.