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{
    "id": 1337268,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1337268/?format=api",
    "text_counter": 195,
    "type": "speech",
    "speaker_name": "Mwea, UDA",
    "speaker_title": "Hon. Mary Maingi",
    "speaker": null,
    "content": " Thank you, Hon. Temporary Speaker, for giving me an opportunity to speak on this very important Bill. I support it because it will ensure that insurance companies take full responsibility in case they collapse. Increasing the amount of money held by Central Bank of Kenya (CBK) will enhance accountability of insurance firms and their ability to honour claims. This Bill aims to increase public trust and confidence levels from potential clients as their claims are guaranteed even in instances when insurance firms collapse like Stallion Insurance Company Limited and Blue Shield Insurance Company, among others. This Bill will also ensure sanity and professionalism of directors and senior management staff in the insurance sector, through the proposed stringent penalties for any offences committed in accordance with this proposal. Hon. Temporary Speaker, with those few remarks, I beg to support. I also thank the Leader of the Majority Party for bringing this Bill to the Floor of the House. Thank you."
}