AGADVOKS GLOBALKENYA · ENGLISH
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Insurance Act

49. Unsuitable investments

Edition: 2023-12-11 · In force

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49. Unsuitable investments

If at any time the Commissioner considers an investment constituting an insurer’s assets to be unsuitable or undesirable, he may after giving notice to the insurer stating the grounds on which he proposes to exercise his power under this section and giving the insurer an opportunity of being heard, direct the insurer to realize the investment, and the insurer shall comply with the direction within such time as may be specified in that behalf by the Commissioner.
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Source: Kenya Law