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GAZETTE NOTICE NO. 5747

THE INSURANCE ACT

(Cap. 487)

APPOINTMENT

PURSUANT to the appointment of the Policyholders Compensation Fund (PCF) as Statutory Manager for KUSCCO Mutual Assurance Limited by the Commissioner of Insurance in exercise of the powers confered by Section 67C (2) of the Insurance Act dated 10th March 2026, the Policyholders Compensation Fund (PCF) declares a Moratorium in exercise of powers conferred by section 67C (10) of the Insurance Act on payments by the said insurer to its policyholders and all other creditors for a period of six (6) months with effect from the date of this appointment. Further, a policyholder shall not be liable to pay any claim not payable by the insurer due to the moratorium as provided under section 67C (11). STATUTORY MANAGER, Kuscco Mutual Assurance Limited (Under Statutory Management) MOHAMED A. SAHAL, MR/8097728 Managing Trustee .

Dated the 10th March, 2026.

MOHAMED A. SAHAL,

Managing Trustee .

Extracted Entities (1)

previous_gazette_ref

5747

Details

Act / Legislation: THE INSURANCE ACT
Reference: Cap. 487
Section: section 67
Signed By: MOHAMED A. SAHAL
Title: Managing Trustee
Date Signed: 10th March 2026
Page: 38
Extraction Method: regex

Source Gazette

Vol. CXXVIII No. 68 (SUPPLEMENT)

Published 17th April 2026