23 Jun 2020 in National Assembly:
Thank you, Hon. Temporary Deputy Chairman. Let me thank Hon. Odhiambo-Mabona for that intervention because it gives me a chance to explain. I honestly had assumed that since the Chair had already moved the amendment and it is largely the same amendment that we recommitted… The reason for the re-committal was simply that we wanted to achieve at least three things. One, to ensure that when you pay premiums for your medical cover or car, the person who assumes the risk is not the broker or the intermediary, it is the underwriter. Therefore, the underwriter ought to have received his ...
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23 Jun 2020 in National Assembly:
to refund the premium and pay a penalty equivalent to 20 per cent of the non-remitted premiums to the client. If you pay for your insurance and your broker does not remit that money to the underwriter, then as an insured person, you are entitled to a refund of your money plus 20 per cent because you are not in the business of donating money to brokers. Sub-section 5, which is now what I have introduced, goes further to protect even the insurance companies. Without prejudice to Sub-section 4, any premiums that have been received by an intermediary, for instance ...
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23 Jun 2020 in National Assembly:
Therefore, what I am doing Hon. Odhiambo- Mabona, is that I am also protecting the underwriters. For instance, in the year 2020, if your broker has already given you your insurance cover that covered you from the month of April 2020 to end of March 2021, like my car, and has not yet remitted the money that you paid him to the underwriter within six months from the commencement of this section, he must remit that money to the underwriter, so that as an insured person, you do not lose. This is also to protect the underwriter, for instance if ...
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23 Jun 2020 in National Assembly:
Thank you, Hon. Temporary Deputy Chairman. Hon. Millie has captured the situation as it is. That was my concern. We recommitted the Clause because there was a concern that we were not protecting the insured and underwriters. Therefore, if the Chairman’s amendment is withdrawn then I am amiable to the proposal by - I do not know if it was the Leader of the Majority Party - that we need to relook at this more substantively so that we even discuss the issue that has been raised by Hon. Gladys Wanga. How will those people like me who pay by ...
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23 Jun 2020 in National Assembly:
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23 Jun 2020 in National Assembly:
In fact, Hon. Temporary Deputy Chairman, let me thank the Chair for proposing that amendment and agreeing, after consultations, to do it with a further amendment to replace the word “shall” with “may”. To clarify, the word “shall” that we are removing is in sub clause (i) and not the others. The others remain “the National Assembly shall”, and “the notice shall”. We are changing and saying "the commissioner may with the approval..." and not "shall". So, it is only in (i) where we are changing, which states: “Despite Section 8, the Commissioner may with the approval of the Cabinet ...
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23 Jun 2020 in National Assembly:
I support with the further amendment of changing the word “shall” to “may”.
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23 Jun 2020 in National Assembly:
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.
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23 Jun 2020 in National Assembly:
Hon. Temporary Deputy Chairman, you know this New Clause 28A was not part of the Order Paper. It has just been circulated. We never got an opportunity to really interrogate it. If you carefully read this thing, it is part of what His Excellency the President returned in the last Finance Bill.
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23 Jun 2020 in National Assembly:
Hon. Temporary Deputy Speaker, I beg to move that the Motion for agreement with the Report of the Committee of the whole House be amended by inserting the words “Subject to re-committal of New Clause 28A”.
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