Joseph Kirui Limo

All parliamentary appearances

Entries 951 to 960 of 2163.

• 27 Feb 2019 in National Assembly: The import of this is to include the new forms of communication in the advent of technology. We are now proposing to introduce the use of email and other telecommunication modes instead of relying on traditional post office where they could post your policy. They can now email or use any other communication means to reach the insured people. So, we are introducing new ways of communication. view
• 27 Feb 2019 in National Assembly: I beg to move. view
• 27 Feb 2019 in National Assembly: I beg to move. view
• 27 Feb 2019 in National Assembly: Hon. Temporary Deputy Chairlady, I beg to move: THAT, the Bill be amended by inserting the following new clause immediately after Clause 10- 10A. The principal Act is amended by inserting the following new section view
• 27 Feb 2019 in National Assembly: Hon. Temporary Deputy Chairlady, I beg to move: THAT, the Bill be amended by inserting the following new clause immediately after Clause 10- 10A. The principal Act is amended by inserting the following new section view
• 27 Feb 2019 in National Assembly: immediately after section 156- view
• 27 Feb 2019 in National Assembly: immediately after section 156- view
• 27 Feb 2019 in National Assembly: Payment of intermediary insurance commission 156A. (1) An insurer shall pay an intermediary insurance commission within thirty days of receipt of premiums. (2) An insurer who contravenes this section shall be guilty of an offence and shall pay a penalty equivalent to twenty percent of the unpaid intermediary insurance commission on each contravention. (3) A penalty under this section shall be paid into the Policy Holders Compensation Fund. view
• 27 Feb 2019 in National Assembly: Payment of intermediary insurance commission 156A. (1) An insurer shall pay an intermediary insurance commission within thirty days of receipt of premiums. (2) An insurer who contravenes this section shall be guilty of an offence and shall pay a penalty equivalent to twenty percent of the unpaid intermediary insurance commission on each contravention. (3) A penalty under this section shall be paid into the Policy Holders Compensation Fund. view
• 27 Feb 2019 in National Assembly: This amendment is meant to recognise the fact that we had earlier on introduced a new arrangement where insurance intermediaries are supposed to remit premiums within 30 days, failure to which there were some penalties which followed. We also thought of introducing this new clause to manage the issue of insurance commission, which is payable to the intermediaries. Therefore, this amendment sets out that insurance companies should pay insurance intermediaries within 30 days and also specifies the penalties which will be meted on insurance companies which fail to pay the commission to the intermediaries. This will ensure that there is ... view