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Proposed fund to hold monies for insurance claimants
The Insurance Protection Fund shall mimic the Kenya Deposit Insurance Corporation (KDIC) by obligating licensed insurers to become members of the fund.
Funds held as compensation for claimants of insurers will be held in a new fund dubbed the Insurance Protection Fund.
The just published Policyholders Compensation Bill, 2025 has proposed establishment of the Insurance Protection Fund which shall consist of monies currently held in the Policyholders Compensation Fund (PCF).
