Kenya Gazette Supplement No nd June, 2007 CORRIGENDUM

Transcription

1 1315 Kenya Gazette Supplement No nd June, 27 (Legislative Supplement No. 37) CORRIGENDUM IN the Kenya Gazette Supplement No. 61 (Legislative Supplement No. 35), of 27, delete the expression "Legal Notice No. 11" and insert thereof "Legal Notice No. 1A" LEGAL NOTICE No. 134 THE EXPORT PROCESSING ZONES ACT (Cap. 517) DECLARATION IN EXERCISE of the powers conferred by section 15 (1) of the Export Processing Zones Act, the Minister for Trade and Industry declares the land specified in the Schedule hereto to be an export processing zone. SCHEDULE All that piece of land being L.R. No. KJD/Kaputiei-North 11964, measuring approximately 4.47 hectares situated in Kajiado District. Dated the 7th June, 27. MUKHISA KITUYI, Minister for Trade and Industry. LEGAL NOTICE NO. 135 THE INSURANCE ACT (Cap. 487) IN EXERCISE of the powers conferred by section 18 of the Insurance Act, the Minister for Finance makes the following Regulations: THE INSURANCE (AMENDMENT) REGULATIONS, These Regulations may be cited as the Insurance (Amendment) Regulations, 27 and shall be deemed to have come into operation on the 1st May, The Insurance Regulations, in these Regulations referred to as the principal Regulations are amended by repealing regulations 51, 52, 53, 54 and 55 and substituting therefor the following new regulations

2 1316 Kenya Subsidiary Legislation, For the purposes of section 197A (2), the rates of Levy shall be (a) (b) in case of gross direct premiums written by such insurers, one and a half percent (1.5 %); and in case of reinsurance premiums paid or credited to a reinsurer outside of Kenya, five percent (5%). 52. For purposes of section 197A (4), the levies payable under regulation 51 shall- (a) (b) become payable at the end of each calendar month in case of the gross direct premiums; become payable at the end of each quarter in case of the reinsurance premiums, in which the premiums were received or paid by the insurer and shall be payable by such insurer not later than the last day of the first month succeeding that in which the levies become due. 53. For purposes of section I 97E every insurer registered or authorized to carry on insurance business in Kenya shall (a) (b) (c) at the end of each calendar month, prepare a monthly premium levy return, showing the total premiums due from the insurer for that particular month as set out in the Twenty Fourth Schedule; at the end of each quarter, prepare a quarterly reinsurance levy return, showing the total insurance premiums due from the insurer for that particular quarter as set out in the Twenty Seventh Schedule ; and at the end of each calendar year and not later than the third month following the end of that year. prepare (i) an annual premium levy return as set out in the Twenty Fifth Schedule; and (ii) an annual reinsurance premium levy return as set out in the Twenty Eighth Schedule. 54: For the purposes of section 197B (2), the rates of the levy shall be calculated at the rate of zero point two per cent (.2%) of the gross direct premiums written by the insurer in respect of general insurance business. 55. For the purposes of section 197B (3), the form set out in the Twenty Third Schedule shall be the form for the monthly insurance training levy return. 3. The principal Regulations are amended by inserting the following new regulations immediately after regulation 55

3 Kenya Subsidiary Legislation, For the purposes of section 197E, an insurer carrying on general insurance business in Kenya shall, at the end of each calendar year and not later than the third month following that year, prepare an annual insurance training levy return as set.out in the Twenty Ninth Schedule. 57. For the purposes of section 197E, the levy payable under section 197 B shall be paid by crossed banker's draft drawn in favour of the "Insurance Training and Education Trust". 58. For the purposes of section 4(2), all monies payable into the Fund shall be paid by crossed banker's draft drawn in favour of the" 'Insurance Regulatory Authority ".

4 1318 Kenya Subsidiary Legislation, 27 kr) Vrn Amount of Gross Direct Premium written during the month THE INSURANCE ACT FORM NO.INS 197B-3 For the month ending Name of insurer Serial Number LONG-TERM INSURANCE BUSINESS Bond investment business... Industrial life assurance business... Ordinary life assurance business... Superannuation business... Sub-total(i).. GENERAL INSURANCE BUSINESS Aviation insurance Engineering insurance including contractor's all risks machinery breakdown, erection all risks and consequential loss from machinery breakdown... ) < Mm 72 N en mr Mm CA 5 Fire insurance domestic risks including houseowners, householders and other comprehensive package covers. Fire insurance industrial and commercial risks and consequential loss from fire insurance. Liability insurance- including public liability, products liability and professional indemnity o a Marine Insurance

5 Kenya Subsidiary Legislation, Motor insurance-private vehicles Motor insurance-commercial vehicle Personal accident insurance Theft insurance including burglary, cash in transit and fidelity guarantee Workmen's compensation and other employer's liability insurance Miscellaneous insurance (i.e. classes of business not included under those listed above) Sub-total(ii)... Total(i) +(ii) 1.2% of (i) +(ii) IPenalty for late payment(add)... Total insurance training levy payable... Serial Number I 7 8 Amount of Gross Direct Premium written during the month Principal Officer g o.- N

6 132 Kenya Subsidiary Legislation, 27 THE INSURANCE ACT oo oo FORM NO.INS 197A-3 TWENTY -FOURTH SCHEDULE All Amount in Kenya shillings O MONTHLY PREMIUM LEVY RETURN Name of insurer For the month ending Amount of Gross Direct Premium written during the Month Serial Number LONG-TERM INSURANCE BUSINESS < Bond investment business 31 Industrial life assurance business Ordinary life assurance business Superannuation business,--....::, -1 o.2) Cr) GENERAL INSURANCE BUSINESS N M m M M et 131 Aviation insurance 1 Engineering insurance including contractors all risks machinery breakdown, erection all risks and consequential loss from machinery breakdown N Fire insurance domestic risks including houseowners, householders and other comprehensive package covers. Fire insurance industrial and commercial risks and consequential loss from fire insurance. Liability insurance- including public liability, products liability and professional indemnity tn co y kr)

7 Kenya Subsidiary Legislation, Class of insikance business Amount of Gross Direct Premium written during the Month Serial Number Marine Insurnce 8 Motor insurance-private vehicles LO Motor insurance-commercial vehicle 8 Principal Officer Personal accident insurance Theft insurance including burglary, cash in transit and fidelity guarantee Workmen's compensation and other employer's liability insurance Miscellaneous insurance (i.e. classes of business not included under those listed above) $ :: CA....its v) Total(i) +(ii) 1.5% of (i) +(ii) Penalty for late payment(add).. Total levy payable...

8 1322 Kenya Subsidiary Legislation, 27 THE INSURANCE ACT FORM NO.INS 197A-3 (a) TWENTY-SEVENTH SCHEDULE All Amount in Kenya shillings O QUARTERLY RE-INSURANCE PREMIUM LEVY RETURN Name of insurer For the quarter ending Amount of Re-insurance Premium Paid or credited to Re-insurance Business Outside Kenya Z vi LONG-TERM INSURANCE BUSINESS < Bond investment business... Industrial life assurance business.... Ordinary life assurance business... Superannuation business... Sub-total(i).. 'GENERAL INSURANCE BUSINESS Aviation insurance,.,7 M m t:a c I 32 Engineering insurance including contractor's all risks machinery breakdown, erection all risks and consequential loss from machinery breakdown... r I C Fire insurance domestic risks including houseowners, householders and other comprehensive package covers. Fire insurance industrial and commercial risks and consequential loss from fire insurance. rn 8 Liability insurance- including public liability, products liability and professional indemnity tu V C. co c cn c 4.) C i,s, 8

9 Kenya Subsidiary Legislation, Motor insurance-private vehicles Motor insurance-commercial vehicle Personal accident insurance Theft insurance including burglary, cash in transit and fidelity guarantee Workmen's compensation and other employer's liability insurance Miscellaneous insurance (i.e. classes of business not included under those listed above) Amount of Re-insurance Premium Paid or credited to Re-insurance Business Outside Kenya.o cn Total(i) +(ii) 5% of (i) +(ii) Penalty for late payment(add)... Total levy payable... co 8 Principal Officer g co A

10 1324 Kenya Subsidiary Legislation, 27 Zi 1- o.) Amount re-insurance premiums paid or credited to re-insurance business outside Kenya o Z... Q. 4.) Cl) Op <... C CO se...ti I) LT. COC..., FORM NO.INS 197E-2 Name of insurer S. No. LONG-TERM INSURANCE BUSINESS Bond investment business... Industrial life assurance business... Ordinary life assurance business... Superannuation business...,--:...,..., CO L Cl) GENERAL INSURANCE BUSINESS Aviation insurance Engineering insurance including contractor's all risks machinery breakdown, erection all risks and consequential loss from machinery breakdown....,, (.7., cr.-a,-,2 (. TA go 8 Csi O Fire insurance domestic risks including house-owners, householders and other comprehensive package covers. m 8 Fire insurance industrial and commercial risks and consequential loss from fire insurance.

11 Kenya Subsidiary Legislation, Amount insurance premiums paid or credited to re insurance business outside Kenya z> E-. a Ll o Z U a. a v) bo a <4 a,--, >-, i I. a. <4.sa a.) tl, Principal Officer 5, Liability insurance- including public liability, products liability and professional indemnity Marine Insurance Motor insurance-private vehicles Motor insurance-commercial vehicle Personal accident insurance Theft insurance including burglary, cash in transit and fidelity guarantee Workmen's compensation and other employer's liability insurance Miscellaneous insurance (i.e. classes of business not included under those listed above)...-:.:.-.,... a :6. 41 c6 Total(i) +(ii) 5% of (i) +(ii) Penalty for late payment(add)... Total Levy Payable ti

12 1326 Kenya Subsidiary Legislation, 27 THE INSURANCE ACT FORM NO.INS 197E-1 z a. a. z All amounts in Kenya shillings O Name Of insurer Amount of Gross Direct Premium written during the Month Ci t i 46 E..> > o Z U C. G) V) 1) c..t 8 ti c " >' Et Ll...tt Èi' LL,-, LONG-TERM INSURANCE BUSINESS Bond investment business.... < r -,-2, Industrial life assurance business Ordinary life assurance business.... Superannuation business.... Sub-total(i)... GENERAL INSURANCE BUSINESS Aviation insurance Engineering insurance including contractor's all risks machinery breakdown, erection all risks and consequential loss from machinery breakdown... Fire insurance domestic risks including houseowners, householders and other comprehensive package covers. Fire insurance industrial and commercial risks and consequential loss from fire insurance. M Tr en en 1 S o o 8

13 Kenya Subsidiary Legislation, Z E, U CU Z Amount of Gross Direct Premium written during the Month ri 4 Cl. CU CA 'tt S.,,, to' 2 4. Ci. ''. Principal Officer 2.c) a) 1.L. 4 Liability insurance- including public liability, products liability and professional indemnity ini Marine Insurance Motor insurance-private vehicles 7 Motor insurance-commercial vehicle 8 Personal accident insurance I Theft insurance including burglary, cash in transit and fidelity guarantee Workmen's compensation and other employer's liability insurance _ Miscellaneous insurance (i.e. classes of business not included under those listed above) c.i Sub-total(ii)... Total(i) +(ii) 1.5% of (i) +(ii) Penalty for late payment(add)...

14 1328 Kenya Subsidiary Legislation, 27 2 et THE INSURANCE ACT TWENTY-NINTH SCHEDULE ANNUAL TRAINING LEVY RETURN CO V LT- FORM NO.INS 197E-3

15 Kenya Subsidiary Legislation, s" F c..) a.) A Amount of Gross Direct Premium written during the Month > z F.5 O C. a.) v) 14 7.t --> >, g E. -tt Principal Officer 7 2 an s.) Lt. ci, c,i Liability insurance- including public liability, products liability and professional indemnity Marine Insurance..-, cos 8 Motor insurance-private vehicles co Motor insurance-commercial vehicle I 8 Personal accident insurance Theft insurance including burglary, cash in transit and fidelity guarantee Workmen's compensation and other employer's liability insurance Miscellaneous insurance(i.e. class of business not included under those listed above) c, (-1...z......, Ts le,.2 Total(i) +(ii).2% of (i) +(ii) Penalty for late payment (add)... Total Insurance Training Levy Payable O Made on the 18th June, 27. PRINTED AND PUBLISHED BY THE GOVERNMENT PRINTER. NAIROBI