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{
    "id": 1159468,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1159468/?format=api",
    "text_counter": 155,
    "type": "speech",
    "speaker_name": "Kathiani, WDM-K",
    "speaker_title": "Hon. Robert Mbui",
    "speaker": {
        "id": 1750,
        "legal_name": "Robert Mbui",
        "slug": "robert-mbui"
    },
    "content": " Thank you, Hon. Temporary Deputy Speaker for this opportunity to contribute to this very important Bill. First, I would like to thank Hon. Washiali for this very great piece of legislation that he has brought to this House. Basically, that means he is carrying out his responsibility as a legislator in the best possible way. I wish him the best because we are going into an election and I am certain there might be some things he is interested in, even if it is handing over the seat. This Bill is dealing with insurance professionals registration. I do not know how to explain how important it is to the world. Other than property, we also insure health. A lot of times, people are bankrupted by situations that occur in their lives that were unprecedented and unexpected. That is why insurance is put in place, so that if anything happens, you remain in the same place you were in before. For example, properties burn down. If you insured the property, it is paid back in full, so that you lose nothing. If, God forbid, one is involved in an accident which requires a lot of money for them to be brought back to normal life, and medical care is extremely expensive, insurance caters for that and pays the bills. So, this is a very important thing that all of us need to ensure we have. Obviously, it cannot be left unregulated. In my studies, I remember coming across principles of insurance and one of them is indemnity. It means that when you pay premiums, whenever something goes wrong, you do not gain, but you also do not lose. The other day I listened to a Ghanaian preacher who was talking about what ails their country. He kind of generalised his statement and talked about Africa. He The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}