{"id":17300,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/17300/?format=json","text_counter":436,"type":"speech","speaker_name":"Mr. Kenyatta","speaker_title":"The Deputy Prime Minister and Minister for Finance","speaker":{"id":168,"legal_name":"Uhuru Muigai Kenyatta","slug":"uhuru-kenyatta"},"content":"Mr. Temporary Deputy Speaker, Sir, currently, the Insurance Act does not provide for the regulator to assume control over the assets of a troubled insurer, thus creating room for misappropriation of its assets. In order to protect the interests of policy holders, I have proposed to amend the Insurance Act in order to empower the Insurance Regulatory Authority to assume control over the assets of a financially troubled insurer."}