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{
    "id": 736105,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/736105/?format=api",
    "text_counter": 60,
    "type": "speech",
    "speaker_name": "Hon. A.B. Duale",
    "speaker_title": "",
    "speaker": {
        "id": 15,
        "legal_name": "Aden Bare Duale",
        "slug": "aden-duale"
    },
    "content": "Finally, Clause 18 of the Bill and it is a small one, proposes to amend the Insurance Act by removing the provisions on reinsurance premium levy which have been deleted in this Act. What does this amendment on Clause 18 do? It harmonises the Act with the provisions of the Insurance (Amendment) Act (No.1 of 2014) where the requirement for payment of reinsurance premium levies was removed. That was done in the Insurance (Amendment) Act (No.1 of 2014). Basically, this is a small Bill. It is part of the Bills that come together with the Budget Estimates that the CS reads every year. So, this insurance amendment Bill is related to the Budget that we passed. It is one of the pieces of legislation that cannot wait for the 12th Parliament because it has serious ramifications. It has serious implications on the Budget 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."
}