Aden Bare Duale

All parliamentary appearances

Entries 3081 to 3090 of 17810.

• 25 Jun 2019 in National Assembly: Hon. Chairman, I beg to move: view
• 25 Jun 2019 in National Assembly: THAT, Clause 11 of the Bill be deleted and substituted therefor with the following – view
• 25 Jun 2019 in National Assembly: Repeal and Replacement of Section 156 of Cap. 487. 11. The Principal Act is amended by repealing Section 156 and replacing it with the following new section- view
• 25 Jun 2019 in National Assembly: Advance Payment of Premiums 156. (1) No insurer shall assume a risk in Kenya in respect of insurance business unless and until the premium payable thereon is received by insurer. view
• 25 Jun 2019 in National Assembly: (2) An intermediary shall not receive any premiums on behalf of an insurer. (3) An intermediary who contravenes subsection (2) shall be liable to a penalty equivalent to twenty percent of the unremitted premium on each contravention, payable to the Policyholders Compensation Fund. (4) Any officer or director of an intermediary who contravenes subsection (2) shall be guilty of an offence, and upon conviction shall be liable to a fine not exceeding one hundred thousand shillings or to an imprisonment term of three months, or to both. view
• 25 Jun 2019 in National Assembly: (5) An insurer shall pay an intermediary insurance commission due within thirty days upon receipt of premium. 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. view
• 25 Jun 2019 in National Assembly: (6) An insurer who contravenes subsection (5) shall be liable to a penalty of five million shillings on each contravention, payable to the Policyholders Compensation Fund. view
• 25 Jun 2019 in National Assembly: Clause 11 of the Bill intends to repeal and replace Section 156 of the Act which provides advance payment of premiums to the insurance company. It negates the principles of cash and carry and it is likely to cause the problem of delay in settlement of claims. Close to Kshs40billion of claims are currently in the insurance industry. This amendment makes it possible that when I ask a broker to insure my car comprehensively, I have the powers to pay the insurer directly. We have a situation where you can pay the broker and he does not remit the money ... view
• 25 Jun 2019 in National Assembly: Hon. Chairman, Hon. T.J. Kajwang’ did very well. This amendment was in the Bill and we amended it to say that the brokers can keep their money for 30 days before they give it to the insurer. The role of a broker is to get his agency fee. We must protect the people of Kenya who are paying this money. People must declare their interest. Today, I do not pay my cheque for my vehicles or my house to the broker. I pay directly to the insurer. I ask my broker to get his commission from the company. At the ... view
• 25 Jun 2019 in National Assembly: I can tell you from experience that some of the brokers, not all of them, do not pay back the money to the insurer until you get an accident. When you get an accident, maybe he does not have the money. You keep on running. We want to make life very easy. Hon. T.J. said we were in the middle ground. The middle ground has been rejected by the President. What is the President doing? Under Article 114, the President exercises that power when he feels as the CEO of the country he has to protect the citizens. So, the ... view