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{
    "id": 1337324,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1337324/?format=api",
    "text_counter": 251,
    "type": "speech",
    "speaker_name": "Tinderet, UDA",
    "speaker_title": "Hon. Julius Melly",
    "speaker": null,
    "content": "Hon. Temporary Speaker, SACCOS also take insurance cover for whatever risks. For the loans that we take, be it for commercial or farming purposes, whether in the SACCOS or banks, there is an insurance risk. However, when somebody goes back to ask the insuring company for compensation, or making good of what had been insured, he or she goes through nightmares. One is asked a lot of unnecessary questions. I ask IRA to rein in some of the fraudulent insurance companies that ask individuals to give proof that they were actually insured. That begs the question as to why the companies sold the premiums to the individuals, including signing the documents and all these other things, yet they say they need proof. This Bill will steady the sector. Even the penalties put across, especially on the top management of insurance companies, are welcome. The responsibility has to be with the officer-in-charge because he is the one who endorsed that you have signed and agreed that the agent who gave you that particular cover would be penalised in case of any incident."
}