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{
    "id": 877362,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/877362/?format=api",
    "text_counter": 274,
    "type": "speech",
    "speaker_name": "Kikuyu, JP",
    "speaker_title": "Hon. Kimani Ichung’wah",
    "speaker": {
        "id": 1835,
        "legal_name": "Anthony Kimani Ichung'Wah",
        "slug": "anthony-kimani-ichungwah"
    },
    "content": "Power of the Commissioner on group-wide supersion (2) Subject to subsection (1), where the group is a regulated entity, the Commissioner shall request the information through the respective regulator. (3) The information required under subsection (1) shall be limited to information necessary for safeguarding the policyholders’ interests. (4) The provisions of the section shall not limit the Commissioner from requesting for information relating to a group’s capital adequacy levels or any other relevant information. The import of the amendment is that where in a group the regulated entity, for instance, an insurance company or if it is a bank, the respective regulator, be it the Insurance Regulatory Authority in the case of an insurance company or the Central Bank of Kenya in the case of a bank, the regulator shall request for the information."
}