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{
    "id": 465359,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/465359/?format=api",
    "text_counter": 318,
    "type": "speech",
    "speaker_name": "Hon. (Ms.) Kajuju",
    "speaker_title": "",
    "speaker": {
        "id": 840,
        "legal_name": "Florence Kajuju",
        "slug": "florence-kajuju"
    },
    "content": "Thank you, hon. Temporary Deputy Speaker, Sir. As I stand to support this Bill, I have seen in the preamble of the Bill that the Committee on Finance, Planning and Trade consulted various stakeholders which include the Price WaterhouseCoopers and the national Treasury among others. The way forward is that they should have more consultations because the stakeholders do not end up with the three institutions that I have indicated. If they had consulted the Ministry of the East African Affairs, Commerce and Tourism, the Members would have understood, more importantly, the Committee on Regional Integration. There are very good amendments that have been made in this Bill. That is what I support. As a practising lawyer in my other life, I have had cases where accidents have happened and claimants have gone to court to seek redress. Judgements have been given in favour of these victims, but it is always a problem executing the judgement against the insurance companies. It has become common practice where victims are awarded judgements after accidents and the insurance companies wind up. We have seen this with various insurance companies. The victims are left with nothing and nobody to turn to. They hold judgements in their favour, but then they have nobody to turn to. What makes me happy about these amendments is that under Section 67C, the Bill introduces the Policy Holders Compensation Fund. Hon. Temporary Deputy Speaker, what I understand this to mean is that, when accidents occur and the insurance company ends up under statutory management; it means the policy holder can assist the victim to get compensation. To that extent, I find this to be a very good amendment that will not leave our people suffering or at the mercy of a judgment that they cannot execute. The other provision that I find really encouraging in this amendment is Section 197A of the principal Act. It has been argued by my colleagues that we should slow down in the integration process in as far as one of the partner states is concerned. The mission of the East African Community (EAC) is to deepen and to widen the EAC The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}