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{
    "id": 877378,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/877378/?format=api",
    "text_counter": 290,
    "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": "(7) The Cabinet Secretary may make regulations to give effect to this section. The import of these amendments is to bring order to the insurance industry in terms of the conflict which was arising from the proposed amendment. The proposed amendment by our Committee will ensure that the interests of the insured is taken care of. That the premium will be paid and delivered by the intermediaries to the insurance companies. Two, it will also take care of the interests of the intermediaries, that upon meeting their responsibilities of getting the insurance policies and getting business to the insurers, they are also properly remunerated through commissions on time. This one will ensure that insurance companies do not fail to remunerate the intermediaries. Therefore, these amendments, which we have listed, will bring in order and ensure that all the covers are as intended. That way, no one will suffer. The insured will get the cover, the insurance company will get the business and the insurance intermediaries will get their commission. So, it is a middle ground and it ensures everybody is happy in the industry, including the policy holder."
}