Insurance Act
34. Deposits to be kept by Bank on behalf of insurer
34. Deposits to be kept by Bank on behalf of insurer
Where the Board approves an application for a license under section 31, a deposit made under section 32 shall be held by the Bank on behalf of the insurer and any interest due and collected by the Bank on a deposit shall be paid to the insurer.[Act No. 12 of 1987, s. 11, Act No. 19 of 2015, s. 44, Act No. 11 of 2019, s. 6, Act No. 10 of 2023, Sch.]Source: Kenya Law