{"id":915265,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/915265/?format=json","text_counter":222,"type":"speech","speaker_name":"Kiminini, FORD-K","speaker_title":"Hon. (Dr.) Chris Wamalwa","speaker":{"id":1889,"legal_name":"Chrisantus Wamalwa Wakhungu","slug":"chrisantus-wamalwa-wakhungu"},"content":"The brokerage insurance plays a critical role. In a situation whereby you are small investor, the insurer has no time to listen to you. Many times the broker is the one who will be your advocate. Some time back, I had an accident and because it was not a company, I was an individual, to get the money back; I had to use the broker to go and meet the insurer to advocate for me to get that money. When I tried to reach that person, he could not give me an audience. For brokers because of the scale of business they give, they are given a hearing. But a situation whereby rogue brokers may overstay with the money, we have put that into the law. This Article 115, I know gives the President a lot of powers but it also good for him to have a human face in the sense that we should not kill the brokerage industry. It has employed many people. We also need to look into this matter of brokerage…"}