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{
    "id": 934491,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/934491/?format=api",
    "text_counter": 850,
    "type": "speech",
    "speaker_name": "Nominated, JP",
    "speaker_title": "Hon. (Ms.) Cecily Mbarire",
    "speaker": {
        "id": 13166,
        "legal_name": "David Ole Sankok",
        "slug": "david-ole-sankok"
    },
    "content": "The Bill proposes to amend the Insurance Act to introduce the new definition of the term “Long term insurance business” to incorporate the new clauses of the long-term insurance business as was introduced by Legal Notice No.108 of 2016. The Bill further proposes to delete the definitions of the terms “Board investment business” and “Industrial life insurance business”. These amendments are meant to align the provisions of the Act with the new classes of long-term insurance business as introduced by the Legal Notice No.108 of 2016. The proposed deletions are for the classes of long-term businesses that were repealed by the said Legal Notice."
}