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African Re-insurance Corporation (Mandatory Re-Insurance Cessions) Act, 1994 🇰🇪

Kenya

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REPUBLIC OF KENYA

African Re-insurance Corporation (Mandatory Re-Insurance Cessions) Act, 1994

Act 2 of 1994

  • Assented to on 8 May 1994
  • Commenced on 1 January 1978
  • [This is the version of this document from 1 January 1978.]
An Act of Parliament to provide for mandatory re-insurance cessions to the African Re-insurance Corporation and for matters related or incidental thereto.

1. Short title

This Act may be cited as the African Re-insurance Corporation (Mandatory Re-insurance Cessions) Act.

2. Interpretation

In this Act, unless the context otherwise requires—"Agreement" means the Agreement establishing the African Re-insurance Corporation;"Corporation" means the African Re-insurance Corporation established by the Agreement;"Commissioner of Insurance" means the Commissioner of Insurance appointed under section 3 of the Insurance Act (Cap. 487);"insurance business" has the meaning assigned to it in section 2 of the Insurance Act;"insurance and re-insurance institution" means any insurance and re-in…

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