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REGULATION
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GAZETTE NOTICE NO. 971
GAZETTE NOTICE NO. 971
THE INSURANCE ACT
(Cap. 487)
REGULATION
NOTICE is given for the general information of the public that,
pursuant to the provisions of the section 179 of the Insurance Act and
Regulation 12 of the Insurance (Policyholders Compensation Fund)
Regulations, 2010, the Board of Trustees of the Policyholders
Compensation Fund in consultation with the Cabinet Secretary, the
National Treasury and Economic Planning, has approved that the
maximum amount payable as compensation on any one claim, for all
classes of insurance, shall be Kenya Shilling Five Hundred Thousand
(KSh. 500,000).
This compensation limit shall apply to policyholders and claimants
of any insurer, that after the commencement date of this Notice, is
placed under a manager appointed under section 67C (2) or whose
license has been cancelled under the Insurance Act.
The amount payable as compensation shall come into force from
the date of publication of this notice and shall remain in force until
otherwise notified.
*
Extracted Entities (1)
previous_gazette_ref
971
Details
- Act / Legislation
- THE INSURANCE ACT
- Reference
- Cap. 487
- Section
- section 179
- Page
- 31
- Extraction Method
- regex
Source Gazette
Vol. CXXVIII No. 14
Published 2nd January 2026