Continuation...
Policyholders Compensation Fund as stated in the Insurance Act is mandated to:
a) Provide compensation to policyholders of an insurer placed under statutory management or whose license has been cancelled;
b) Monitor, in consultation with the Commissioner where necessary, the risk profile of any insurer;
c) Advice the Cabinet Secretary in charge of finance matters on the national policy to be followed with regard to matters relating to compensation of policyholders and to implement all government policies relating thereto;
d) Participate in the statutory management of an insurer placed under statutory management by the regulator;
e) Liquidate an insurer as may be ordered by a court; and
f) Perform such other functions as may be conferred on it by this Act or by any other written law.
