Insurance Act

27A. Qualifications of board members

Edition: 2023-12-11 · In force

27A. Qualifications of board members

A person shall not be licensed under section 31 unless—

(a)the Board of Directors or managing board of such person comprises at least five members; and

(b)the Commissioner is satisfied that all members of such board have knowledge and experience in matters relating to insurance, actuarial studies, accounting, finance or banking;

(c)all the members of such Board have in writing addressed to the Commissioner signifying their acceptance to Serve on the Board.

[Act No. 9 of 2003, s. 3, Act No. 9 of 2007, s. 55, Act No. 10 of 2023, Sch.]

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Source: Kenya Law