26 Jun 2019 in National Assembly:
Hon. Temporary Deputy Speaker, I beg to move that the Appropriation Bill be now read the Third Time. I request, Hon. Millie Odhiambo to second.
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25 Jun 2019 in National Assembly:
Hon. Chairman, I thank you for the opportunity. Indeed, in a way I agree with many of the arguments that have been advanced but will base my argument on my experience because I worked for four years in a finance department of a prominent insurance company in this country. One of the things you must know is that the capital owners in this country are insurance underwriters just like bankers are the capital owners. Therefore, interest will vary between capital owners and those of us who also The electronic version of the Official Hansard Report is for information purposes only. ...
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25 Jun 2019 in National Assembly:
have interest as insurance agents and brokers, but the critical question we need to ask ourselves is, one: When I pay for my insurance, who assumes the risk?
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25 Jun 2019 in National Assembly:
The only interest I can declare is that I have worked in the insurance industry. Therefore, I am alive to what happens in the insurance industry. When I said “us” at the time I worked in the insurance industry, I knew at least three or four Members of Parliament then in the early 2000, 2003/2004 including a Cabinet Secretary who ran insurance brokerage firms. One of the problems that we suffered as underwriters is non- remittance of insurance premiums by brokers and agents. Therefore, even as we discuss the issue, I completely agree with the principle of the President legislating. ...
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25 Jun 2019 in National Assembly:
I think the Leader of the Majority Party did not get my point. I said that in principle, I do not agree with the drafters of the Constitution in providing a window for the President to legislate. We should leave the legislation work to this Assembly and the Senate. That is beside the point.
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25 Jun 2019 in National Assembly:
I was saying that on the basis of that principle, because that is where the gist of the matter is, I agree with Duale. That is veto power of the President is needed when a House seems to be going rogue. We are not saying this one has gone 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.
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25 Jun 2019 in National Assembly:
rogue. We must also be alive to the fact that, as Members of Parliament and the general citizens, we have interests in insurance brokerages and agencies. However, my point was that the person who assumes the risk of insurance is never an agent. It is never an insurance broker. It is the underwriter who assumes the risk. Should we allow insurance brokers and agents to continue holding money?
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25 Jun 2019 in National Assembly:
Thank you, Hon. Temporary Deputy Speaker. As I second, I want to join the Leader of the Majority Party. Probably, a number of Members did not get exactly what I said. If you look at the proposals by the President, the first one was that no intermediary will be able to receive money on behalf of an insurance. I said that the first provision was that no insurer shall assume a risk in Kenya. That is why I was talking about the issue of who assumes the risk. No insurer will assume a risk unless premiums have been received by ...
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25 Jun 2019 in National Assembly:
Gallery waiting for somebody to do business for them here. Therefore, I want to support and agree with the President on this one that we must protect the interests of the insured.
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