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{
    "id": 245071,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/245071/?format=api",
    "text_counter": 201,
    "type": "speech",
    "speaker_name": "Mr. Were",
    "speaker_title": "The Assistant Minister for Information and Communications",
    "speaker": {
        "id": 153,
        "legal_name": "David Aoko Were",
        "slug": "david-were"
    },
    "content": " Mr. Chairman, Sir, I am sure if it were you, you would talk about water too! Mr. Chairman, Sir, the second item I want to talk about is the amendments to the Insurance Act. The guarantee that is always deposited with the Commissioner of Insurance is being increased from Kshs1 million to Kshs5 million. Even new brokers might not be able to register because from experience, since my background is insurance, it has been very difficult to raise that Kshs1 million as a guarantee. It might end up being very difficult to register new brokers. You will find that the agencies have now been allowed a large latitude in doing business because, right now, they are allowed to do business for many insurance companies unlike in the past. So, it might not be possible actually to come up with new brokers. With those few remarks, I support."
}