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{
    "id": 915256,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/915256/?format=api",
    "text_counter": 213,
    "type": "speech",
    "speaker_name": "Roysambu, JP",
    "speaker_title": "Hon. Isaac Ndirangu",
    "speaker": {
        "id": 2701,
        "legal_name": "Isaac Waihenya Ndirangu",
        "slug": "isaac-waihenya-ndirangu"
    },
    "content": " Hon. Chairman, I beg to move: That, the new clause 11 as proposed in the Reservations of the President be deleted. It is important even as we are faced with low numbers that Members understand the feelings and conclusions of the Committee. We reject the memorandum of the President in as far as this matter is concerned for reasons that the amendment as passed by the House was protecting parties involved in the insurance business, providing clauses on offences for all parties who were offending, and the proposed clause in the Bill was making it illegal for brokers to receive premiums on behalf of the insurer. Owing to the challenges of paying full amount, the Committee observed that sub-clause (1) is punitive. It is very punitive to brokers and it obligates premium holders to pay full amount failure to which no insurer shall assume a risk in respect of insurance business unless and until the premium payable is received by the insurer."
}