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Nairobi; Kenya: The collapsed Kenya National Assurance Limited (KNAC) is the first institution to transfer all unclaimed assets held within its books to the Unclaimed Financial Assets Authority (UFAA).
The defunct State-owned insurance firm had said in a public notice issued in March this year that more than 25,000 policy holders were yet to make their claims. The KNAC management added that if those yet to make claims to the Life Fund did not do so within 60 days, all unpaid amounts would be transferred to the newly established Unclaimed Financial Assets Authority.
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