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{
    "id": 231862,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/231862/?format=api",
    "text_counter": 260,
    "type": "speech",
    "speaker_name": "Mr. Kimunya",
    "speaker_title": "The Minister for Finance",
    "speaker": {
        "id": 174,
        "legal_name": "Amos Muhinga Kimunya",
        "slug": "amos-kimunya"
    },
    "content": " Mr. Temporary Deputy Chairman, Sir, I beg to move that the following new clause be inserted as follows:- Amendment of Section 156 of Cap.487 13B. That, Section 156(2) of the principal Act is amended by inserting the following proviso- Provided that in the case of motor vehicle or fire insurance business, the broker shall remit the amount of the premium to the insurer the same day he receives the premium from the policyholder, and the insurer shall assume risk upon receipt of such premium. The importance of this amendment is to regulate the manner in which insurance premiums are handed over to the insurer by the broker."
}