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{
    "id": 1521373,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1521373/?format=api",
    "text_counter": 254,
    "type": "speech",
    "speaker_name": "Kitui Rural, WDM",
    "speaker_title": "Hon. David Mwalika",
    "speaker": null,
    "content": "This Bill also seeks to establish the Insurance Institute of Kenya and an Examination Board that will regulate the exams taken by professionals in this sector. The proposed Insurance Institute of Kenya is expected to regulate professional conduct and maintain the standard of services rendered by professionals in this sector. This Institute will be equivalent to the Institute of Certified Public Accountants of Kenya (ICPAK), whereby professionals in the sector who misbehave will be penalised and put in order. Part 4 of the Bill provides for the registration of insurance professionals. It will ensure that professionals are registered, allowing for monitoring of their conduct. Those who will go against the provided regulations will be punished. There will also be a registration committee whose mandate will be the registration of professionals, just like the Institute of Certified Public Accountants of Kenya (ICPAK), which ensures that all accountants are registered and monitored. The Bill aims to promote the recognition of insurance professionals in Kenya and beyond, just as what happens with accountants. Additionally, the Bill provides for the establishment of the Insurance Professionals Examinations Board, which will be entrusted with preparing syllabuses and setting exams. When we were conducting public participation, we realised that the College of Insurance is currently tasked with setting exams, and some courses take only two weeks. One would wonder how a person can attend a two-week course and become a professional. These are the kinds of standards we are talking about. This Examinations Board will prepare the syllabus, set exams, reconcile those exams and issue certificates. Anybody who will undertake those exams will be recognised as a professional. As I mentioned, this sector currently has no professional examination board. If this Board is established, it will mean that a student taking a course in Kesses, Kitui Rural, or Mwea can take exams in those colleges because they would be the same for everyone."
}