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"content": "Thank you, Hon. Temporary Speaker, for giving me this opportunity to add my voice to this important Bill. First and foremost, I would like to thank Hon. Kimani Kuria, Member of Parliament for Molo Constituency, for coming up with the Insurance Professionals Bill 2024. From the onset, I support this Bill. Having looked at the Bill, I believe it will bring a lot of sanity to the insurance industry. It has come at the right time because people have suffered for too long. The principle of The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
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"content": "insurance is based on indemnity, which aims to bring the person who suffered a loss back to their former financial position. People have suffered because they have been dealing with the wrong people. When accidents occur, those people often disappear. I see this Bill bringing a lot of professionalism to the industry, and professional misconduct will be a thing of the past. This Bill also provides for the Insurance Professional Examinations Board, which will prepare syllabuses for insurance professionals and issue certificates. In brief, this Bill has come at the right time. Once it becomes law, I will encourage my colleagues to sensitise our people to register properties with various insurance companies. With those very few remarks, I support the Bill."
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"speaker_name": "Hon. Martha Wangari",
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"content": " Thank you. There being no more interest in this Bill, I call the mover to reply."
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"speaker_name": "Molo, UDA",
"speaker_title": "Hon. Kuria Kimani",
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"content": " Thank you very much, Hon. Temporary Speaker. I want to thank Members of the Departmental Committee on Finance and National Planning for their input on this Bill. I would also like to single out Hon. Keynan, who has sat through the debate this afternoon. I have thoroughly enjoyed the contributions that all the Members have made. I assure you that the views you gave will enrich this piece of legislation. As a reply, one of the issues raised by the Member for Funyula when seconding was on the question on the Fourth Schedule, which provides for establishing a disciplinary process for these insurance professionals. The Member's intuition was that this could disadvantage these professionals or be a source of unnecessary bureaucracy. I checked through to see what other legislation on professional bodies have. For example, the Accountants Act (Cap. 531), which regulates the Certified Public Accountants (CPAs) and Company Secretaries, has a disciplinary process provided for in the Fifth Schedule. The Engineers Act (Cap. 530) has Part VII that also provides for the disciplinary process. The Human Resource Management Professionals Act (Cap. 538) also has disciplinary provisions in Part V. Finally, the Advocates Act (Cap. 16), Part XI, also provides for a disciplinary process. Therefore, the provision of a disciplinary process is not any different from what has been provided for in the other pieces of legislation. We hope to accommodate as many of those remarks by Hon. Members as possible during Committee of the whole House. This is to ensure that we have a very good piece of legislation. On the question by Hon. Keynan, it is important to clarify that we have expressly provided that this particular institute will not be funded by the Exchequer because the exams administered will be paid for by the students. Therefore, there will be no need to burden taxpayers any further. I thank everyone who has immensely contributed to this great piece of legislation. I also thank the people of Molo Constituency for giving me a chance to serve in this Parliament. When they come to Parliament, they want to see their Member of Parliament proposing good laws for this country. This is one of such laws. Hon. Temporary Speaker, with that, I beg to reply. Thank you."
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"content": " Thank you very much. Hon. Members, we will defer the putting of the question to the next appointed time."
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"content": "(Putting of the Question deferred)"
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"content": "Next order."
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"content": "BILL"
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"content": "Second Reading"
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"content": "THE POLITICAL PARTIES (AMENDMENT) BILL The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
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