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"id": 462860,
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"type": "speech",
"speaker_name": "Hon. Langat",
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"legal_name": "Benjamin Kipkirui Langat",
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"content": "information and two, if it will be shared with third parties. He should declare which third parties are those. Insurance is a business. It came to our Committee that some people within the Authority itself might have abused that to get information from one insurance company and leak it to competitors. It is the business of the insurance sector. That is what that amendment seeks to achieve. We are also saying that, that information should be required from the Board, so that whatever information is given, the Board of the insurance company should be aware to avoid a situation where junior staff leaks the information on the pretext of giving it to the Regulatory Authority. Again, we are saying that, that is very good. Two, we are also saying that if, after 21 days, the Board has not granted the Authority permission to give the information, then the information should be given after the expiry of 21 days, so that we avoid a situation where the Board can delay, so that they do not give the information. That is the import of that amendment."
}