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"speaker_name": "Dr. Oburu",
"speaker_title": "The Assistant Minister, Office of the Deputy Prime Minister and Ministry for Finance",
"speaker": {
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"legal_name": "Oburu Ngona Odinga",
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"content": " Mr. Speaker, Sir, I beg to reply. I would like to make a correction and state that Invesco Assurance Company Limited, was not placed under receivership, as stated by the hon. Member, but under statutory management. A statutory manager is under no obligation to settle claims owed by the insurer, but he is required to prepare and submit to the Insurance Regulatory Authority (IRA) a report on the financial position and management of the insurer with recommendations as to whether the insurer is capable of being revived, or should be placed under receivership or liquidation. The appointed Statutory Manager,"
}