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{
    "id": 465373,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/465373/?format=api",
    "text_counter": 332,
    "type": "speech",
    "speaker_name": "Hon. (Ms.) Otucho",
    "speaker_title": "",
    "speaker": {
        "id": 12837,
        "legal_name": "Mary Emaase Otuch",
        "slug": "mary-emaase-otuch"
    },
    "content": "Having said that, I rise to support the amendments. In particular, I am very glad to support Section 68(A) that proposes to give more power to the Insurance Regulatory Authority so that it can continuously assess the management of these insurance companies. Members have said here and it is common knowledge that most of the policy holders have actually lost their claims in the past or they have not been compensated because most of these companies went down. More often than not the reasons for this are poor management and incompetence which eventually culminates into fraud. So, by ensuring that the Authority is given powers to carry out the assessments on issues of professionalism, moral suitability--- This amendment seeks to protect not only the policy holder but also the insurer himself. That is a very good amendment and I support this Bill."
}