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{
    "id": 871940,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/871940/?format=api",
    "text_counter": 219,
    "type": "speech",
    "speaker_name": "Kwanza, Ford-K",
    "speaker_title": "Hon. Ferdinand Wanyonyi",
    "speaker": {
        "id": 2065,
        "legal_name": "Ferdinard Kevin Wanyonyi",
        "slug": "ferdinard-kevin-wanyonyi"
    },
    "content": " Thank you, Hon. Temporary Deputy Speaker for the opportunity. From the outset, I want to congratulate the Committee for coming up with this amendment in the Insurance Act. The amendments, in my opinion, will definitely bring some stability and sanity in the industry, which has not been doing very well. I am also impressed by the public participation in this amendment Bill which involved a number of big insurance companies, save for the fact that while it was happening, they did not include farmers. The Insurance (Amendment) Bill should have taken into account farmers. Given the climatic changes that we are experiencing the world over, we needed to have some amendments where farmers are involved. I am sure farmers are looking forward to having their products in the farms and in the dairy farming insured. The Ministry of Agriculture, to the best of my knowledge, has had the opportunity to do pilot trials both in maize and livestock farming. So during public participation, the Committee lacked one thing; they should have included farmers. I am also happy that NHIF, which is a very big player in terms of ensuring Kenyans have good health should be regulated by the IRA. Again, this is something that has not come out very clearly. They should get NHIF involved so that they are regulated by IRA. The brokers and so-called agents, to me, are advisers, and the previous speaker just mentioned that. We have realised that there is lack of discipline. There are brokers and agents who receive money and sit on the money until – as the previous speaker said – you find you have a problem. When you realise that the same man has done some shoddy job with insurance clerks and they have given you a fake insurance cover so that when you get into trouble they run away or start chasing things that are not workable. So, this amendment which says that you have to have the contract signed by various agents or brokers is something that I support wholly. I had a case, as the previous speaker mentioned, where my vehicle was involved in an accident. It took me almost four months to have my vehicle fixed because the broker of the insurance company had not remitted the money I had paid despite my having received a receipt from the broker. So, the agents’ and brokers’ work should be cut out. They should be there to advise whoever wants to get insured, but they should not be involved in getting money. That should come out very clearly so that brokers’ work is cut out and we know what they are supposed to do rather than assuming the work of the insurer and getting people into trouble. Secondly, I want to agree with the amendment which says that if a broker does not within 30 days… During the Third Reading, I think we should talk about 10 days or less. Once a broker The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor."
}