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{
    "id": 301631,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/301631/?format=api",
    "text_counter": 323,
    "type": "speech",
    "speaker_name": "Mr. Kathuri",
    "speaker_title": "",
    "speaker": {
        "id": 38,
        "legal_name": "Emilio Mureithi Kathuri",
        "slug": "emilio-kathuri"
    },
    "content": "Madam Temporary Deputy Speaker, mine was only a word of caution just after what my colleague Mr. Ethuro made clear. That is why we are supporting this Motion because if it was a party Motion we would not definitely be supporting it. I stand to support it. While supporting this Bill, I want to draw the attention of this House to some of the issues that I believe will definitely be addressed by this Bill. I have been in the insurance industry after leaving college. One of the areas that the consumers do not know what they are buying or whether they have really been misadvised is when insurance agents are selling life policies. You will find that many of them give potential customers and policy holders the impression that they borrow loans which will assist them to construct houses. Wait until you apply for that loan after two or three years, you will only get 30 per cent of your savings. That has been the trend. When you ask the agent he tells you that that is the maximum you are entitled to. By the time you ask the very same agent: Why did you not tell me this? You are already in the contract. You cannot reverse it. Should you reverse it, you lose miserably. Madam Temporary Deputy Speaker, there are many reasons why this Bill is very important. That is just one of them. I can tell you that regarding motor insurance, very few agents disclose the excess clause. The excess clause is where, if a vehicle gets involved in an accident you have to pay some money before your vehicle is repaired or before the insurance company can take up that matter. Even when asked about this clause, they always pass the blame after you continue calling or you have an accident and you are told the insurance company played games on us; they inserted an excess clause which is very punitive. All these are as a result of there being no Bill which can take care of such consumers. They expect every policy holder to read that policy document which is written in prints which are not legible. That leads to a lot of problems. Madam Temporary Deputy Speaker, we have witnessed many cases where even banks will give you a facility and when you are midway they start changing terms and conditions. If you are literate enough; if you are not strong enough to challenge that, they always get away with it. Even if you are strong, sometimes it is because you have started getting into arrears and by then you do not have the muscle to challenge them because you are also bleeding on the other side. They take advantage. We need this Bill so that it can take care of such crooked operators, who at the end of the day intend to auction your property. Maybe they already have a buyer. What has happened in this Kenyan society is that we have many businessmen who camouflage themselves as assisting others only to wait for them to fall by the roadside and exploit them to the maximum. It is unfortunate. Mt. Kenya region is known for that. I am sorry because I also belong there. We have seen many putting others into traps in the form of assisting them only to wait until they fall by the roadside and exploit them. This is a very timely Bill---"
}