Dr. Oburu Odinga

All parliamentary appearances

Entries 1011 to 1020 of 1641.

• 7 Apr 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, I beg to reply. (a) The insurance companies that are facing regulations and operation problems are as follows:- (i) Standard Assurance Company Limited which is under statutory management. (ii) United Insurance Company Limited which is also under statutory management. (b)The following measures have been put in place to protect persons who are insured by those companies should they face closure or liquidation. (i) The Commissioner of Insurance and the Chief Executive Office of the Insurance Regulatory Authority, with the approval of the Board of Directors, has exercised his powers pursuant to Section 67(c) of the ... view
• 7 Apr 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, as I said, the Authority carries out routine and continuous supervision of all the companies. However, currently, the ones which have been unable to meet the criteria of increased capitalization of Kshs50 million to Kshs150 million last year are three. One of them is Invesco Insurance Company Limited, Concord Insurance Company and the third one, which had a slightly different problem from capital requirement criteria, is Blue Shield Insurance Limited. view
• 7 Apr 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, I have stated that there are two companies which are already in liquidation. We have recommended this to the courts and, therefore, as soon as we get a ruling from the court, these companies are going to be liquidated in accordance with the law. Therefore, we are not sleeping. Any company which is not meeting its obligations, we are taking action against it. I have also stated that there are three which we have given up to June to meet the requirements. If they do not, then we will take action against them. As I ... view
• 7 Apr 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, the question of passenger cover has been a very serious issue and has been canvassed on the Floor of this House before. I remember answering a Question where many companies are refusing to cover, particularly the matatu industry because of the risks. The Ministry is trying to watch on those companies who dodge meeting their obligations on the passenger claims. But some of the claims and judgments in the courts have been so exorbitant that some companies have even collapsed because of them. The Ministry is quite alert and it is being considered seriously how ... view
• 7 Apr 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, I said that we have established the Policy Holders Compensation Fund. This Fund has money which is available to compensate the insured, should we get the two companies in liquidation. This is a very vibrant Fund because every policy holder pays 0.25 per cent and the insurance company also pays 0.25 per cent. This makes 0.5 per cent of every remittance by the policy holders. view
• 5 Apr 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, I beg to reply. (a) The achievements and implementation status for Economic Stimulus Programme (ESP) project is at different levels of completion. In view of the length of the answer, I hereby wish to table the detailed update of the programme. view
• 5 Apr 2011 in National Assembly: (b) To ensure sustainability and completion of the projects that were started in the 2009/2010 Financial Year, I laid the framework of ESP Phase II in the 2010/2011 Budget. This framework includes completion of the Phase I projects. Structural and operational challenges that impeded the smooth flow of implementation during the initial launch of the ESP Phase I were resolved. view
• 5 Apr 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, the ESP is actually not implemented by the Office of the Deputy Prime Minister and Ministry of Finance. This programme is implemented by various Ministries. This House is fully informed because the Constituencies Development Fund (CDF) Committee has summoned Permanent Secretaries and Ministers from all the implementing Ministries who have provided them with full details of the implementation status of each of this component. Our role, as the Office of the Deputy Prime Minister and Ministry of Finance, was the disbursement of funds which is not a big report that requires a lot of time ... view
• 5 Apr 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, the money was voted under the Ministry of Finance but various components of the programme were implemented by various Ministries. view
• 5 Apr 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, I think that is provocation. I have just answered the Question; what is now remaining is for Members to interrogate it. He is refusing to interrogate it and saying that it should be referred to the Prime Minister. I think this is a provocation. Could you, Mr. Temporary Deputy Speaker, Sir, protect me from such provocative hon. Members? view