11 May 2017 in National Assembly:
There is a tribunal set here already which will be dealing with financial matters, appeals or disagreements. This tribunal is like a court and is set up and regulated by the Chief Justice (CJ). In fact, if you look at the amounts it will deal with and the matters involved, you will see that it should be chaired by a High Court Judge. It will be at the High Court level. The jurisdiction or amounts of money involved should be dealt with minimally by a High Court Judge. At the moment, if the tribunal remains as proposed in the Act, ...
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11 May 2017 in National Assembly:
Already, SASRA has its own tribunal which has been dealing with matters as established by the law. Proposals have been made to include it in the new constitutional amendments because it was accidentally left out. This is a point in future that when amending the Constitution, we should make sure that such a serious tribunal is chaired at the minimum by a Judge of the High Court of Kenya. This is a panel of experts and at least they should include an expert of law like a judge who will make sure that the jurisdiction is attained. Again, we see ...
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11 May 2017 in National Assembly:
Already, SASRA has its own tribunal which has been dealing with matters as established by the law. Proposals have been made to include it in the new constitutional amendments because it was accidentally left out. This is a point in future that when amending the Constitution, we should make sure that such a serious tribunal is chaired at the minimum by a Judge of the High Court of Kenya. This is a panel of experts and at least they should include an expert of law like a judge who will make sure that the jurisdiction is attained. Again, we see ...
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11 May 2017 in National Assembly:
For that matter, the Attorney-General is an important component in this. The Chief Executive Officer is an ex-officio member in the management of the proposed Authority. This is a very serious law which seeks to save the cost of running different authorities or financial services. This is very good and the stakeholders in that regime have already accepted it, but those who deal with cooperatives and SACCOs and have an international structure on how they process their matters are still not very happy with this law. I think this is a matter that the Government, Cabinet or Parliament needs to ...
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11 May 2017 in National Assembly:
For that matter, the Attorney-General is an important component in this. The Chief Executive Officer is an ex-officio member in the management of the proposed Authority. This is a very serious law which seeks to save the cost of running different authorities or financial services. This is very good and the stakeholders in that regime have already accepted it, but those who deal with cooperatives and SACCOs and have an international structure on how they process their matters are still not very happy with this law. I think this is a matter that the Government, Cabinet or Parliament needs to ...
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11 May 2017 in National Assembly:
Thank you, Hon. Speaker.
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11 May 2017 in National Assembly:
Thank you, Hon. Speaker.
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10 May 2017 in National Assembly:
Thank you, Hon. Speaker for giving me this opportunity to contribute to this very important Amendment Bill concerning insurance. Recently, we came up with a new Act on insurance operations in this country. In fact, the Insurance Regulatory Authority (IRA) has done quite a good job in controlling the way insurance companies operate in this country. The history of insurance began with something akin to gambling about 500 years ago, especially when ships went into foreign lands and there was a guess as to whether they would come back or not. It has now grown to be a very big ...
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10 May 2017 in National Assembly:
insurance companies, education insurance and now it has gone to crop and animal insurance which, in my opinion, unless we have amendments to this Act, it cannot be done well. What has happened during this drought and the compensation of farmers is really a disaster. It never covered counties equitably since it was just in some parts. It tended to be discriminatory. It is good when we have a law which leans towards the Constitution, so that it does not become a nullity. It is also good to monitor that industry closely. It is a place where there is a ...
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10 May 2017 in National Assembly:
It has even improved now to a level where there is group insurance for health where villagers can come together and be insured through their own self-help groups. It has also gone to funeral insurance. People are now insuring their own funerals. This has expanded and has borrowed from the experiences of western and developed countries where cultures are different. For that matter, we need a law closer home which can deal with aspects of our own people in their circumstances so that the licensing is important. The moment you do not have a proper licence, many insurance companies will ...
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