ADVOKS GLOBAL · KENYA
Stamp Duty Act
81. Penalty on assuring unless policy duly stamped
Edition: 2026-07-01 · In force
81. Penalty on assuring unless policy duly stamped
(1)If any person—(a)becomes an assurer upon any marine insurance, or enters into any contract for marine insurance, or directly or indirectly receives or contracts or takes credit in account for any premium or consideration for any marine insurance, or knowingly takes upon himself any risk, or renders himself liable to pay, or pays, any sum of money upon any loss, peril or contingency relative to any marine insurance, unless the insurance is expressed in a policy of marine insurance duly stamped; or(b)makes or effects, or knowingly procures to be made or effected, any marine insurance, or directly or indirectly gives or pays, or renders himself liable to pay, any premium or consideration for any marine insurance, or enters into any contract for marine insurance, unless the insurance is expressed in a policy of marine insurance duly stamped; or(c)is concerned in any fraudulent contrivance or device, or is guilty of any wilful act, neglect or omission, with intent to evade the duties payable on policies of marine insurance, or whereby the duties may be evaded,he shall be guilty of an offence and liable to a fine not exceeding fifty thousand shillings.(2)Any broker, agent or other person negotiating or transacting any marine insurance contrary to the true intent and meaning of this Act, or writing any policy of marine insurance upon material not duly stamped, shall be guilty of an offence and liable to a fine not exceeding fifty thousand shillings, and shall not have any legal claim to any charge for brokerage, commission or agency, or for any money expended or paid by him with reference to the insurance, and any money paid to him in respect of any such charge shall be deemed to be paid without consideration and shall remain the property of his employer.(3)If any person makes or issues, or causes to be made or issued, any document purporting to be a copy of a policy of marine insurance, and there is not at the time of the making or issue in existence a policy duly stamped whereof that document is a copy, he shall be guilty of an offence and liable, in addition to any other fine or penalty to which he may be liable, to a fine not exceeding fifty thousand shillings.