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{
    "id": 1337271,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1337271/?format=api",
    "text_counter": 198,
    "type": "speech",
    "speaker_name": "Kilifi North, UDA",
    "speaker_title": "Hon. Owen Baya",
    "speaker": null,
    "content": "it is a necessary piece of legislation which Members of this House need to pass and ensure we protect this country’s resources. There was a dam being built where Hon. Murkomen comes from. One of the greatest issues was the insurance paid for it. When there was a loss, where did the insurance money go? There are buildings that are insured but after a fire brings them down, insurance companies do not pay. We lose jobs for the people who are working there, and lose revenue and tax as a Government that business would have brought. A whole country’s economy can be brought down if the insurance sector is not properly regulated. You know, insurance is food for lawyers - like the one who has just passed in front of me - and actuarial scientists. Many players are brought together to have insurance. If you kill the insurance business in this country, very many professions will suffer. I am sure that Hon. Osoro - who is a lawyer - will want this Bill to be passed so that he is protected. If insurance is protected, lawyers in this country will be safe. If we play around with insurance, many lawyers will suffer. I want to ask Hon. Osoro and all those Members who are lawyers, including the Hon. Temporary Speaker, to support this Bill so that we can protect the insurance industry in this country and protect big and small businesses. Thank you."
}