ADVOKS GLOBAL · KENYA
Insurance Act
5. Particular duties of Commissioner
Edition: 2023-12-11 · In force
5. Particular duties of Commissioner
(1)Subject to this Act, the duties of the Commissioner shall include—(b)directing insurers and reinsurers on the standardisation of contracts of compulsory insurance;(c)directing an insurer or a reinsurer, where he is satisfied that the wording of a particular contract of insurance issued by the insurer or reinsurer is obscure or contains ambiguous terms or terms and conditions which are unfair or oppressive to the policy-holders, to clarify, simplify, amend or delete the wording, terms or conditions, as the case may be, in respect of future contracts;(d)the approval of tariffs and rates of insurance in respect of any class or classes of insurance;(e)such other duties as the Board may assign to him.(1A)The Board may, with the approval of the Cabinet Secretary make regulations for the purpose of giving effect to the provisions of this Part.(2)As soon as reasonably practicable after each year ending on 31st December, the Board shall provide the Cabinet Secretary with a report on the operation of this Act during that year, together with summaries of returns and documents deposited with the Cabinet Secretary in accordance with Part VI during that year.(3)Within one month after receiving the report and summaries under subsection (2), the Cabinet Secretary shall arrange for them to laid before the National Assembly.