Benjamin Jomo Washiali

All parliamentary appearances

Entries 71 to 80 of 1882.

• 30 Mar 2022 in National Assembly: A case in point is the delay to pay the victims of the Londiani-Fort Ternan bus accident which was headed to Kakamega, where all the 50 plus passengers perished in the early morning accident on 10th October 2018. I want to inform the House that my sister-in-law perished in that bus accident and her husband, who is my cousin, has been moving to Kericho because the case was taken to Kericho since it was a matter that is being handled at a police station in Kericho. He has gone through a lot of trauma, having lost the wife and, of ... view
• 30 Mar 2022 in National Assembly: Clause 3 of the Bill makes provision for the establishment of the Insurance Institute of Kenya and the Insurance Professional Examinations Board to provide for examinations, registration and regulation of standards and practice of insurance professionals. The establishment 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
• 30 Mar 2022 in National Assembly: of the Insurance Institute of Kenya as the overall professional organ for insurance professionals is the case of other professional bodies such as Institute of Certified Public Accountants of Kenya (ICPAK) for the accountants; the Institute of Certified Public Secretaries (ICPS) for the public secretaries and the Institute of Human Resource Management the (IHRM) for the human resource managers. For the lawyers like you, we have the Council for Legal Education. Therefore, the institute shall regulate professionals, professional conduct and maintain the level of standards of services rendered by the insurance professionals who will be registered under this Bill. The ... view
• 30 Mar 2022 in National Assembly: Clause 13 of the Bill further provides for the establishment of a registration committee, which shall be a committee of the insurance sector that will be responsible for developing a mechanism for registration of insurance professionals, provisions relating to the establishment and management of insurance professionals, examination board, the requirement for issuance of practicing certificates, as well as the procedure for handling disciplinary matters for any misconduct by insurance professionals. I take note that the Insurance Training and Education Trust that is established under the Perpetual Trustees Act Cap 64 undertook to establish the College of Insurance to provide training ... view
• 30 Mar 2022 in National Assembly: The Insurance Professionals Registration Bill details provisions that are geared towards improving the insurance sector ecosystem. These changes include the establishment of the examination board that will aid in raising the insurance penetration levels, which have remained low globally. Acknowledging that at 3 per cent, Kenya has the lowest insurance penetration rate in sub-Saharan Africa, with South Africa leading at 17 per cent, this is due to most of Kenya’s population perceiving insurance as “nice to have, easy to discard” product rather than one that is essential. view
• 30 Mar 2022 in National Assembly: The Bill is an improvement from the current arrangement where the Insurance Institute of Kenya and the College of Insurance are established pursuant to the incorporation of the insurance 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
• 30 Mar 2022 in National Assembly: training and education trust under the Perpetual Trustees Act Cap.64 of the Laws of Kenya, whose trustees are drawn from the insurance industry, the Government and stakeholders. view
• 30 Mar 2022 in National Assembly: Clause 5 of the Bill sets out the functions of the institute as being responsible for the registration of insurance professionals and serve as the umbrella body for insurance professionals, issuing of practicing certificates to insurance practitioners under each category, as well as insurance fellows and corporate membership. The College of Insurance, on the other hand, will provide professional and technical training to employees and other people that are serving in the insurance industry. view
• 30 Mar 2022 in National Assembly: Part VII of the Bill provides for the disciplinary process for any professional misconduct. This will be undertaken by the disciplinary committee that will be established under Clause 32. The Bill delegates legislative powers, but does not limit any fundamental rights and freedoms. The delegated power is on the development of guidelines and regulations by the Cabinet Secretary responsible for matters relating to insurance in consultation with stakeholders, for the better carrying out of the provisions of the Act. The Bill does not concern county governments in terms of Article 110(1)(a) of the Constitution, as it does not affect the ... view
• 30 Mar 2022 in National Assembly: Let me just remind Members that this Bill seeks to provide for the establishment of a legislative framework for the regulation of professionals in the insurance sector to enhance the standards of service in the sector; promote professionalism, and address concerns regarding professional misconduct in the insurance sector. The Insurance Institute of Kenya established in Part II of the Bill shall seek to discharge its functions listed in Clause 5 of the Bill as follows: a. Establish, monitor and promote standards of professional competence and practice amongst insurance professionals. b. Register persons who meet the required professional and ethical standards. ... view