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{
    "id": 465390,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/465390/?format=api",
    "text_counter": 349,
    "type": "speech",
    "speaker_name": "Hon. Chanzu",
    "speaker_title": "",
    "speaker": {
        "id": 11,
        "legal_name": "Yusuf Kifuma Chanzu",
        "slug": "yusuf-chanzu"
    },
    "content": "Thank you, hon. Temporary Deputy Speaker, for this opportunity. This is a very important amendment Bill. I want to congratulate the Committee under the chairmanship of hon. Langat for having found it fit to bring this Bill forth. I think one of the problems we have as human beings is that we sometimes have to be told about something so many times in order to know how important it is, including the fact that all these Members here--- I think right now they are insured because it looks like when you become a Member of Parliament, it is compulsory. However, a number of them, I am sure, before they came did not even have personal insurance. Since here it is a compulsory deduction or something like that, they are insured. For these kinds of issues, the more we talk about them as leaders the more we encourage our people to know the importance. There are many things that we do not do because of fear or uncertainties – you do not know whether or not there will be any benefit. When we started working in the university, the Kenya National Assurance Company had a very good programme for insurance. Some of us took that insurance but we always feared that we might never benefit. So, the more we talk about this the better. Right now insurance is covering almost everything; it is not only accidents. It is covering even education. The preparation of the document, I looked through it and I found that it is very well done so that it is very easy to follow. The aspect which is outstanding is the issue of settling claims. There are a number of people who are not sure whether or not their claims will be settled when they insure. So, this is very commendable. This introduction of professionalism and ethical practices in the insurance business is remarkable. The way insurance has been carried out before looked like there was no professionalism. With these amendments, for example, Clause 67C which is introducing proper management and professionalism in the insurance sector, the public will know what the law entails and they will be more encouraged to make use of the insurance aspect. With regard to protection, there has been fear that once you insure, there is risk some of the insurance companies do not pay. If there is a section of the law that protects one as a policy holder then that will encourage us to see the need for insurance in our lives. There is also this issue of resolution of disputes. A tribunal has been proposed. They have introduced the position of Vice-Chairman which we did not have before. It is important that as good practice of management we have in place a complete structure so that in the event the Chairman is not there and we have got urgent matters to be resolved, then we have Vice-Chairman to sit in. The law is also granting powers to the Insurance Regulatory Authority to make assessment of the management of insurance business. This is important because there has been a lot of confusion. We should be able to take some of the other areas which have not been taken care of and bring them under some kind of law which will manage the affairs of insurance. 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."
}