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{
    "id": 734983,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/734983/?format=api",
    "text_counter": 193,
    "type": "speech",
    "speaker_name": "Hon. Gaichuhie",
    "speaker_title": "",
    "speaker": {
        "id": 17,
        "legal_name": "Nelson Ributhi Gaichuhie",
        "slug": "nelson-gaichuhie"
    },
    "content": "to imprisonment not exceeding five years” Second Delete the expression “30th June, 2018” appearing in paragraph 3 Schedule and substitute therefor the expression “30th of June, 2020. The first justification is to seek to provide the standards for insurance underwriters and enhance punishment for defaulters. The industry has not been complying with the policies because the punishment has been too lenient. When an insurance company is fined, say, Kshs10.000 only, they can always not follow regulations and that is why we have decided that we need to enhance the fine for them to comply. That is why we are deleting the Kshs10,000 and substituting it with Kshs5 million. 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."
}