ADVOKS GLOBAL · KENYA
Preferential Trade Area Re-Insurance Company (Mandatory Re-Insurance Cessions)Act
4. Reinsurance arrangements for local risks
Edition: 2022-12-31 · In force
4. Reinsurance arrangements for local risks
(1)Where local insurance business is covered by global re-insurance arrangements outside the sub-region, every national, local or foreign establishment engaged in insurance and re-insurance activities in Kenya shall, on or after the commencement of this Act, conclude separate re-insurance arrangements for the local risks.(2)Nothing in subsection (1) shall prevent any insurance or re-insurance institution from entering into direct re-insurance arrangements with the company in respect of the whole or part of the risks undertaken by such institution or from making such other arrangements as are mutually acceptable to the Company and such institution.