{"id":736098,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/736098/?format=json","text_counter":53,"type":"speech","speaker_name":"Hon. A.B. Duale","speaker_title":"","speaker":{"id":15,"legal_name":"Aden Bare Duale","slug":"aden-duale"},"content":"Clause 9 of the Bill proposes an amendment under the Insurance Act to substitute the requirements under admitted assets and replace it with that of total assets. So, there is a difference between admitted assets and total assets. This amendment will enable the insurers to apply total assets in their determination when they want to do a determination of their capital adequacy as opposed to admitted assets. This requirement is also in line with risk-based capital."}