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"type": "speech",
"speaker_name": "Hon. A.B. Duale",
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"legal_name": "Aden Bare Duale",
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"content": "Clause 16 of the Bill proposes an amendment to the Insurance Act to allow the Cabinet Secretary (CS) to make regulations or guidelines on the supervision of insurance groups in relation to mitigation of group risk. I think this is common. I am sure this 11th Parliament has seen a number of regulations. As per the Statutory Instruments Act, it is the function of the CS to introduce or make regulations or guidelines that will enhance the supervision role of insurance groups."
}