Insurance (Bancassurance) Regulations, 2020
2. Interpretation
2. Interpretation
In these regulations, unless the context requires—"bancassurance business" means an intermediary business that involves collaboration between a bank, a microfinance bank or a financial institution, and an insurance company to market and distribute insurance products;"bancassurance intermediary" means a person registered to carry out bancassurance business; and"microfinance bank" has the meaning assigned to it in the Microfinance Act (Cap. 493C).Source: Kenya Law