Moratorium - KUSCCO Mutual Assurance Limited
THE INSURANCE ACT
(CAP 487)
KUSCCO MUTUAL ASSURANCE LIMITED (UNDER STATUTORY MANAGEMENT)
DECLARATION OF A MORATORIUM
PURSUANT to the appointment of the Policyholders Compensation Fund (PCF) as Statutory Manager for KUSCCO Mutual Assurance Limited by the Commissioner of Insurance in exercise of his powers under Section 67C (2) of the Insurance Act dated 10th March 2026, the Policyholders Compensation Fund (PCF) declares a Moratorium in exercise of powers conferred to it under section 67C (10) of the Insurance Act on payments by the said insurer to its policyholders and all other creditors for a period of six (6) months with effect from the date of this appointment.
Further, a policyholder shall not be liable to pay any claim not payable by the insurer due to the moratorium as provided under section 67C (11).
STATUTORY MANAGER
KUSCCO MUTUAL ASSURANCE LIMITED (UNDER STATUTORY MANAGEMENT)