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{
    "id": 462855,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/462855/?format=api",
    "text_counter": 308,
    "type": "speech",
    "speaker_name": "Hon. Langat",
    "speaker_title": "",
    "speaker": {
        "id": 384,
        "legal_name": "Benjamin Kipkirui Langat",
        "slug": "benjamin-langat"
    },
    "content": "Hon. Temporary Deputy Chairlady, for the purpose of bringing the House up to speed, this amendment seeks to achieve--- The amendment to Section 7 is about the penalties for not complying with information requirement by the Authority. The Act, as it is today, says that if you do not give information to the Authority, or if you give false information or commit any other malpractice you will be fined a maximum of Kshs10,000. I think times have changed and the entities we are dealing with are huge insurance companies and Kshs10,000 may really encourage them to continue not giving information. It is too cheap a penalty. We have agreed that we increase this fine to Kshs200,000, so that it acts as deterrent. We still agree that it is still a very low amount, but since we have so many categories of licensed insurance practitioners, it covers all of them."
}