What is the role of IRA?

What is the role of IRA?

The mission is to effectively and professionally regulate, supervise and develop the insurance industry. Formulate and enforce standards for the conduct of insurance and reinsurance business in Kenya. Issue licenses to all persons involved in insurance business . Promote development of the insurance sector .

Who regulates insurance agents in Kenya?

The Insurance Regulatory Authority
Who We Are. The Insurance Regulatory Authority is a statutory government agency established under the Insurance Act (Amendment) 2006, CAP 487 of the Laws of Kenya to regulate, supervise and develop the insurance industry.

How do I become an insurance agent in Kenya?

Agents Registration Requirements

1. Log in to Online portal.
2. The applicant or its Principal Officer must have passed or been exempted from Certificate of Proficiency (COP) examination for Insurance Agents.
3. Registration fee Kshs.
4. Documents as proof of nationality.

How do I file a complaint against an IRA?

Complaints reported by telephone, e-mail or through the Authority’s hotline should be confirmed in writing and by completion of a complaint form. When sending the form, you should supply all relevant information in your possession, including copies of letters and so on. Wherever possible, keep copies for yourself.

How insurance brokers are regulated in Kenya?

Regulatory framework The Insurance Act (Chapter 487) (Insurance Act) is the principal legislation governing insurance and reinsurance business in Kenya. It establishes the Insurance Regulatory Authority (IRA), whose functions include the regulation, supervision and licensing of insurers and reinsurers in Kenya.

Is NHIF regulated by IRA?

NHIF was established under an act of the parliament which makes them self-regulating. NHIF is not regulated by IRA.

How do I pay my IRA renewal via mpesa?

– Go to M-PESA on your phone Select Pay Bill Option Enter Business no. 830300 Enter the agent registration number e.g. IRA/05/12345/01 Enter the Amount e.g. KES. 1,000.00 Enter your M-PESA PIN and send You will receive M-PESA payment confirmation details.

What is COP course?

This comprehensive course has been designed to equip the trainee with the knowledge, skills, and attitudes that will enable them to understand the financial sector operations, sell insurance products, and to provide other essential insurance services.

How do I report a company in Kenya?

The Authority’s Consumer and Public Affairs (CPA) Department has in place a desk to deal with public complaints. Members of the public can report any such complaints to the Authority through a designated email address [email protected].

How do I file a complaint with the IRS?

Call (800) 366-4484 to file a complaint with the IRS by phone. Mail a written complaint to the Treasury Inspector General for Tax Administration Hotline at P.O. Box 589, Ben Franklin Station, Washington, DC 20044-0589. Email a complaint to [email protected], which goes to the TIGTA Hotline Complaints Unit.