David Ole Sankok

All parliamentary appearances

Entries 1291 to 1300 of 2182.

• 20 Nov 2019 in National Assembly: comply with the requirements of submission of financial returns, premium levy returns and claims payment returns to the Insurance Regulatory Authority. The proposed amendment is meant to enhance the ability of the Authority to assess the insurers and intermediary’s financial soundness and the ability to meet the interest of the policy holders. Currently, under the Insurance Act, a statutory manager who is appointed is expected to preserve the assets of the insurer that have been placed under statutory management. However, the Act does not define what amounts to preservation of assets. This has caused the statutory managers to rely on ... view
• 20 Nov 2019 in National Assembly: Further, under the Insurance Act, the power of the statutory manager to declare moratorium does not extend to the protection of the policy holders from attachment, when an insurer is placed under statutory management. This has caused untold suffering to policy holders whose properties are always attached once a company is placed under statutory management. Therefore, the proposed amendment is meant to protect the policy holders from attachment by claimants when an insurer is put under statutory management. The Bill proposes to enable the Policy Holders Compensation Fund pay promptly the claimants once an insurer is put under statutory management ... view
• 20 Nov 2019 in National Assembly: The Bill proposes to amend the Insurance Act to align the composition of the Policy Holders Compensation Fund Board with the requirement of the Public Finance Management (PFM) Act and the State Corporations Act, and guidelines made under it. The new board brings the representation of the Attorney-General and the Cabinet Secretary, and defines the qualifications of the board members. view
• 20 Nov 2019 in National Assembly: With those few remarks, Hon. Temporary Deputy Speaker, I beg to move and request Hon. Limo, the Chair of the Departmental Committee on Finance and National Planning, to second. view
• 20 Nov 2019 in National Assembly: On a point of order, Hon. Temporary Deputy Speaker. view
• 20 Nov 2019 in National Assembly: Hon. Temporary Deputy Speaker, I rise under Standing Order 96(1). I wish to request that we postpone debate on the Motion before the House in view of the fact that there has not been any interest so far from the Members present. That will give Members time to participate meaningfully during the next allotted time. view
• 20 Nov 2019 in National Assembly: I request Hon. Jude Njomo to second. view
• 20 Nov 2019 in National Assembly: Hon. Temporary Deputy Speaker, the Chairperson, Departmental Committee on Agriculture and Livestock, is not present. Therefore, I request that this particular Order be stepped down until the next available time. view
• 20 Nov 2019 in National Assembly: Hon. Temporary Deputy Speaker, the Chair of the Committee is also absent. I request that the matter be stepped down. view
• 20 Nov 2019 in National Assembly: The Leader of the Majority Party is not ready to move this Bill. I request that it be stepped down. view