Kenyan law on liquidation of insurance companies in Kenya
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Key Insights at a Glance
An insurance company can be liquidated for for failing to settle its debts or it can be sued by an insurer for refusing to settle a claim.
Insurance policy holders affected by the placing of insurance companies under statutory management are advised to seek recourse from PCF (Policyholders Compensation Fund), a state corporation and national treasury.
The current maximum compensation by PCF is KES. 250,000
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