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EYEY

Kenyan Court of Appeal declares Insurance Regulatory Authority's powers include price regulation

|Tax Alerts, National/Federal Taxation, Global|Kenya
Kenya
  • The Kenya Court of Appeal has partially set aside a decision of the High Court that declared the Insurance Regulatory Authority (IRA) lacked statutory authority to issue the Motor Insurance Underwriting Guidelines.
  • The Court ruled that the IRA acted within its statutory powers in issuing the Motor Insurance Underwriting Guidelines.
  • However, the Court further ruled that the guidelines were void due to being irrational, unreasonable and disproportionate.
 

Executive summary

The Court of Appeal has…

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