Section 85, The Insurance Act, 2000

(1) Any person who contravenes any provision of this Act for which no penalty has been specified, commits an offence and shall be liable on conviction to a fine not exceeding five hundred and fifty thousand leones or to a term of imprisonment not exceeding one year or to both. (2) Where an offence is committed by a body of persons— (a) in the case of a body corporate every director, manager, secretary or other similar officer shall also be deemed to be guilty of the offence; and (b) in the case of a partnership every partner or officer of that body shall also be deemed to be guilty of the offence: Provided that no person shall be deemed to be guilty of an offence under this subsection if he proves that the act in respect of which he is charged was committed by some other person without his consent or connivance and that he exercised all due diligence to prevent the commission of that act as he ought to have exercised having regard to all the circumstances. [Margin: Prosecution of offences.]