Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 871892,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/871892/?format=api",
    "text_counter": 171,
    "type": "speech",
    "speaker_name": "Kipkelion East, JP",
    "speaker_title": "Hon. Joseph Limo",
    "speaker": {
        "id": 1915,
        "legal_name": "Joseph Kirui Limo",
        "slug": "joseph-kirui-limo"
    },
    "content": "first three months, it is difficult to establish facts because the farmers will say they normally harvest 100 bags. However, to what level of expenditure had the farming gone before the loss occurred? So, this index-based insurance concept will cure that and it will ensure that most insurance companies will take this as one of the key viable insurance options. Therefore, after we enact this Bill, our farmers should ensure that they insure their animals and crops. The Bill proposes to reduce exposure to policy holders. Previously, there have been tussles between insurance companies and brokers when it comes to compensation. You will find maybe the premiums have not been remitted or sometimes there are problems even in establishing at what time they should remit the premiums. Therefore, as a Committee, we are proposing a very good way to make sure that insurance brokers and insurance companies relate well. At the same time, we are proposing to introduce, as the Vice-Chair said, very stringent penalties for those who are going to fail to follow the arrangements as per the insurance policy. This particular Bill is also introducing a new term in insurance called the “micro- insurance business,” which seeks to provide insurance policies for the low-income population in the country. In the traditional way, insurance policies have always been seen to be for the people who are endowed. However, the Bill is introducing micro-insurance, which will be available for the low-income population. This will enable recognition of a new category of insurers and allow for the development of regulations for the operation of micro-insurance."
}