Amos Kimunya

All parliamentary appearances

Entries 5901 to 5910 of 6175.

• 30 Nov 2006 in National Assembly: Mr. Temporary Deputy Chairman, Sir, the current Section 203 basically says that an insurance company must admit liability, determine the amount due, establish identity and then has 60 days in which to pay. When I discussed this issue 4098 PARLIAMENTARY DEBATES November 30, 2006 with the Committee, we felt the time was not defined within which the admission of liability has to take place. Companies have been taking advantage of this provision to delay payment of claims forever. So, we needed to limit the time for payment of claims to 90 days. If the insurance company has reason as to ... view
• 30 Nov 2006 in National Assembly: Mr. Temporary Deputy Chairman, Sir, we take the point that admission of the claim could be on the 90th day. However, if an insurance company needs to mobilise its funds and is, therefore, unable to pay within those days, it can apply for an extra 30 days to organise itself. This brings the time to a total of 120 days. view
• 30 Nov 2006 in National Assembly: Mr. Temporary Deputy Chairman, Sir, Dr. Oburu has just confirmed what we agreed on. We agreed that it should be 90 days, but in the event that payment is not made, an additional 30 days will be allowed. view
• 30 Nov 2006 in National Assembly: Mr. Temporary Deputy Chairman, Sir, I beg to move that the Committee doth report to the House its consideration of the Insurance (Amendment) Bill and its approval thereof with amendments. view
• 30 Nov 2006 in National Assembly: November 30, 2006 PARLIAMENTARY DEBATES 4099 view
• 30 Nov 2006 in National Assembly: Mr. Temporary Deputy Speaker, Sir, I beg to move that the House doth agree with the Committee in the said Report. view
• 30 Nov 2006 in National Assembly: Mr. Temporary Deputy Speaker, Sir, I beg to move that the Insurance (Amendment) Bill be now read a Third Time. view
• 29 Nov 2006 in National Assembly: On a point of order, Mr. Temporary Deputy Speaker, Sir. I have been listening to the hon. Member contribute to this debate. As much as I appreciate the principles he is elaborating, he is referring to the issues as if they are happening today when, indeed, we are discussing matters that happened in 1998 and 1999. Is he in order to mislead the House that this is what is happening today when the Report is very clear that this happened in 1999, when my colleagues on the Opposition side were in the Government? view
• 28 Nov 2006 in National Assembly: Mr. Temporary Deputy Chairman, Sir, I beg to move:- THAT, Clause 2 of the a) in paragraph (b) of the definition of "associate"- (i) by deleting subparagraphs (i) and (ii) and inserting the following new subparagraphs- (i) its holding company or its subsidiary; (ii) a subsidiary of its holding company; (iii) a holding company of its subsidiary; (ii) by renumbering subparagraph (iii) as subparagraph (iv); (b) in the definition of "deposit"- (i) by inserting the word "or" at the end of paragraph (a); (ii) by deleting the word "or" at the end of paragraph (b); (iii) by deleting paragraph (c). view
• 28 Nov 2006 in National Assembly: Mr. Temporary Deputy Chairman, Sir, I beg to move:- THAT, Clause 3 be amended by deleting the subclause (3) and substituting therefor the following new subclause- "(3) Except as provided in Section 4(1), this Act shall not apply to- (a) a bank, a financial institution or a mortgage finance company licensed under the Banking Act; (b) a building society registered under the Building Societies Act; or (c) the Kenya Post Office Savings Bank established under the Kenya Post Office Savings Bank Act." Mr. Temporary Deputy Chairman, Sir, the rationale for this amendment is basically to have clarity in terms of ... view