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{
    "id": 915323,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/915323/?format=api",
    "text_counter": 280,
    "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": " Thank you, Hon. Temporary Deputy Speaker. As I second, I want to join the Leader of the Majority Party. Probably, a number of Members did not get exactly what I said. If you look at the proposals by the President, the first one was that no intermediary will be able to receive money on behalf of an insurance. I said that the first provision was that no insurer shall assume a risk in Kenya. That is why I was talking about the issue of who assumes the risk. No insurer will assume a risk unless premiums have been received by that insurer. Therefore, we were going to set a bad precedent where, if insurers have not received your premiums, you are, therefore, not covered. That will not be a mistake out of your own making. It will be the mistake of a broker or an agent who has gone rogue and has refused to remit insurance premiums to the insurer. You will, therefore, stand not covered. So, His Excellency the President was in order. That is why I said that, as much as in principle, I do not agree with the provisions of Article 115, on this particular one, I want to support the President. I said that at the time I was working in an insurance company, I knew a former Cabinet Secretary, who I do not want to name and, at least, three Members of Parliament who were insurance brokers. In that company, one of the Members of Parliament owed it premiums of about Kshs369 million in a particular year. Insurers have suffered in the hands of insurance brokers. That is unfortunate because they are well represented. If you can remember, the last time we had an issue to do with brokers in this House, they were all lined up in the Public 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."
}