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{
    "id": 235207,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/235207/?format=api",
    "text_counter": 350,
    "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 Bill be amended by deleting Clause 43. This is a joint amendment with the Committee on Finance, Planning and Trade. After our discussion on the amendments to the Insurance Act, we agreed unanimously that insurance brokers do not need a guarantee from the Central Bank of Kenya. So, we agreed to have this clause deleted. But as we look at this amendment, may I make a passionate appeal to you--- The future of Kenyans is in your hands now, and what we have just done on the last clause is that we have just denied Kenyans the opportunity of owning shares in the insurance industry. In November 9, 2006 PARLIAMENTARY DEBATES 3577 all the other clauses, I would like to actually state here that we had agreed with the Committee on Finance, Planning and Trade that the only contentious clause was Clause 43, which basically was raising the issue of the guarantee to the Central Bank of Kenya. All the other clauses, we had agreed that they need not come. But as of now, we are happy that Clause 43 has been deleted and we will take the others as they come."
}