Aden Bare Duale

All parliamentary appearances

Entries 8011 to 8020 of 17810.

• 10 May 2017 in National Assembly: Clause 16 of the Bill proposes an amendment to the Insurance Act to allow the Cabinet Secretary (CS) to make regulations or guidelines on the supervision of insurance groups in relation to mitigation of group risk. I think this is common. I am sure this 11th Parliament has seen a number of regulations. As per the Statutory Instruments Act, it is the function of the CS to introduce or make regulations or guidelines that will enhance the supervision role of insurance groups. view
• 10 May 2017 in National Assembly: The second last clause is Clause 17 of the Bill which proposes to amend the Insurance Act by introducing a new subsection to exclude the insurance from the application of provisions of annual renewal of registration. This amendment to the principal Act is basically to amend the application on how to apply and use the new perpetual registration of insurance. view
• 10 May 2017 in National Assembly: Finally, Clause 18 of the Bill and it is a small one, proposes to amend the Insurance Act by removing the provisions on reinsurance premium levy which have been deleted in this Act. What does this amendment on Clause 18 do? It harmonises the Act with the provisions of the Insurance (Amendment) Act (No.1 of 2014) where the requirement for payment of reinsurance premium levies was removed. That was done in the Insurance (Amendment) Act (No.1 of 2014). Basically, this is a small Bill. It is part of the Bills that come together with the Budget Estimates that the CS ... view
• 10 May 2017 in National Assembly: Estimates that this House passed, namely, the Budget Estimates for both revenue and expenditure for the 2017/2018 Financial Year. The Departmental Committee on Finance, Planning and Trade is currently holed up in a meeting with stakeholders, of course, the originator of this Bill, and the CS for the National Treasury. Once they table their report and the views from the stakeholders, we will enrich this Bill and introduce it for Third Reading maybe at the end of next week. I beg to move and ask Hon. Washiali, the Member of Parliament for Mumias East and the Deputy Whip of the ... view
• 10 May 2017 in National Assembly: It is okay now. Thank you, Hon. Speaker, for giving me this opportunity to speak on this very important Amendment Bill. I wish to support this Bill. This is the amendment 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. view
• 10 May 2017 in National Assembly: to the Insurance Act which we gave a lot of input and worked on in this Parliament. Indeed, the sections that are now being addressed in this particular Act are of critical importance to the operation of the insurance industry and for the common good of Kenyans who use those services. Indeed, I support these amendments and I think many details have been given by my colleagues because it is a very brief Bill. What I want to add is that the insurance industry as a sector needs to do a little bit more than what it is doing now. ... view
• 10 May 2017 in National Assembly: Hon. Speaker, thank you for giving me the opportunity. view
• 9 May 2017 in National Assembly: Hon. Speaker, I beg to lay the following Papers on the Table of the House: The Insurance (Investments Management) Guidelines, 2017 and the Explanatory Memorandum. The Agreement between the Government of the Republic of Kenya and the Government of South Africa on Defence Co-operation and the Explanatory Memorandum. Sessional Paper No.7 of 2016 on the Mining and Minerals Policy from the Ministry of Mining. The Reports of the Auditor-General on the Financial Statements in respect of the following institutions for the year ended 30th June 2016, and the certificates therein:- (i) Kirinyaga University College; (ii) Brand Kenya Board; (iii) Kenya ... view
• 9 May 2017 in National Assembly: Hon. Speaker, I beg to move that the Finance Bill (National Assembly Bill No. 16 of 2017), be now read a Second Time. I am doing this on behalf of the Chairman of the Departmental Committee on Finance, Planning and Trade, Hon. Benjamin Langat. He is in Mombasa together with his colleagues. They are meeting the Cabinet Secretary (CS) for National Treasury to look at this Bill and other financial-related Bills. First, I wish to express my gratitude to Members for their relentless support to this year’s budgetary process which has come earlier than usual. In terms of executing policies ... view
• 9 May 2017 in National Assembly: proposing can be done in this Supplementary Estimates and the Finance Bill. Those measures are meant to achieve an inclusive economic growth, enhance job creation, cushion Kenyans against the effects of drought and a high cost of living and, above all, foster growth and stability in our financial sector. Hon. Speaker, I hope that Members of Parliament have taken time to read this Bill. I, therefore, would like to highlight a few of the proposals that are contained in this Bill. Despite our country attaining the low-income status following sustained economic growth, she is still faced with the problem of ... view