Aden Bare Duale

All parliamentary appearances

Entries 3071 to 3080 of 17810.

• 25 Jun 2019 in National Assembly: (i) “independent agent”; view
• 25 Jun 2019 in National Assembly: (ii) “tied agent’’; view
• 25 Jun 2019 in National Assembly: (iii) “broker”; and, view
• 25 Jun 2019 in National Assembly: (iv) “intermediary”. view
• 25 Jun 2019 in National Assembly: According to the President in exercise of his powers, the new definitions will reverse the common law principle of agency where the principal is responsible for the state of the commission and he enjoys the fruits of that agent as provided. In view of that, I recommend that Clause 2 of the Bill be amended by deleting the proposed new definitions. view
• 25 Jun 2019 in National Assembly: Hon. Chairman, I beg to move: view
• 25 Jun 2019 in National Assembly: THAT, Clause 3 of the Bill be deleted and substituted therefor with the following– view
• 25 Jun 2019 in National Assembly: Insertion of new section in Cap. 487 3. The principal Act is amended by inserting the following new Section immediately after Section 5- Powers of the Commissioner On group wide Supervision 5A. (1) The Commissioner may direct any member of the group to provide any information necessary for effective group-wide supervision. 2) In the event of any breach or failure to comply with the directives of the Commissioner or safeguard the interests of the policyholders, the Commissioner shall impose any of the sanctions provided in the Act on the holding company or anymember of the group. view
• 25 Jun 2019 in National Assembly: The proposed amendment requires the Commissioner to seek information from the principal officers of any group of companies that are in this business. However, we should note that the group does not have a principal officer like a registered insurance company. So, this proposed amendment will also hamper the power of the Commissioner to seek information directly from the member of the group where such information may be necessary for the protection or the interest of the policy holders. The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained ... view
• 25 Jun 2019 in National Assembly: The President recommends that Clause 3 of the Bill be amended by deleting Clause 3 and substituting therefor with the new clause which is in the Memorandum before Members so that we align it and protect policy holders. view