STAFF MAIL

You are here: HomeContact UsBroker / MIP'S Registration Requirements


Broker / MIP'S Registration Requirements

The registration requirements of Insurance Agents are detailed in Section 150 of the Insurance Act Cap 487 of the laws of Kenya and include the following:

  1. Log in to Online portal.
  2. Registration fee Ksh. 10,000 payable to the Insurance Regulatory authority.
  3. Bank guarantee of Ksh. 3 million from a commercial bank in the prescribed form, or two year Government bond held by the Authority.
  4. A professional Indemnity Insurance Policy with a minimum limit of Ksh. 10 million.
  5. A minimum paid- up share capital of Ksh. 1 million.
  6. At least 60% o the shares shall be held by Kenyan Citizen(s).
  7. A certified copy of the certificate of incorporation.
  8. A certificate copy of the Articles and Memorandum of Association.
  9. Details o the shareholders and share holding structure of the company.
  10. Submit curriculum vitae of the principal officer.
  11. Kindly download, fill in and attach to the online system; Form No INS 151-1.
  12. Kindly download, fill in and attach to the online system; Form No INS 153-2.