Shakeel Shabbir

All parliamentary appearances

Entries 711 to 720 of 1945.

• 9 Oct 2013 in National Assembly: We have amended the clause slightly so that it allows the claimant to claim in writing and allows the insurance companies, if they have to make inquiries, to do so within 90 days. However, on specialized insurance like aviation, they should apply to the Insurance Regulatory Authority to give them more time. That was a sensible further amendment. I was pleased to see that the Committee was able to see the way forward and agree partly with the insurance companies, although we are very particular that should not be misused by the insurance companies. We are pleading with all insurance ... view
• 9 Oct 2013 in National Assembly: Hon. Temporary Deputy Speaker, Sir, with those few remarks, I beg to support. view
• 8 Oct 2013 in National Assembly: No. On a point of order, hon. Deputy Speaker. view
• 1 Oct 2013 in National Assembly: Thank you, hon. Temporary Deputy Speaker. I stand to support the Bill. view
• 1 Oct 2013 in National Assembly: As the Chairman of the Committee and the Leader of the Majority Party has said, this Bill seeks to update the principal Act, Cap. 487; which is very old. Insurance companies in Kenya are very few. Therefore, they have been monopolising the insurance business. Only lately, there have been other insurance companies that have been coming up. However, many of those companies that have come up have gone under because they have not been properly constituted, and have not been able to serve the requirements of the insurance business. view
• 1 Oct 2013 in National Assembly: Hon. Temporary Deputy Speaker, the Bill before us basically seeks to ensure that policy holders are not swindled any more. In 2008, when there was violence and other things in Kisumu, certain insurance companies decided that they would not meet the claims that arose from that situation. They came up with some vague conditions like saying that riots and other things were not covered by them. At this moment in time, the insurance companies that are operational do not entertain matatu vehicles and other commercial vehicles. Where they do they charge very high insurance premiums. If you want to insure ... view
• 1 Oct 2013 in National Assembly: . Hon. Temporary Deputy Speaker, I suffered in the Westgate Shopping Mall incident. Many businessmen have already been told by insurance companies that the 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
• 1 Oct 2013 in National Assembly: assets that they had insured will not be covered. Many of those people who had packed their cars at Westgate Shopping Mall have already been told that they are not covered. So, I wonder what sort of exclusions those companies come up with and who decides what exclusion is and what is not. As the Chairman said, when insurance company officials come to you, they seduce you but when you go to claim what is yours, they treat you like a pariah. Clause 4 of the Bill says that out of the amount of the paid up share capital, not ... view
• 1 Oct 2013 in National Assembly: Hon. Temporary Deputy Speaker, I have a problem with Clause 9, which suggests that the Insurance Regulatory Authority should make an assessment of the management of insurance businesses. That is very good. However, insurance companies keep on insisting that they want to be self-regulatory. They say that their operational policies should be their decision. As far as we allow them to be business companies that make profit and whatever, they have a corporate social responsibility. They must not use the situation to make money unfairly. I also think that self-regulation has a limit. They are like the banks. There are ... view
• 26 Sep 2013 in National Assembly: Hon. Deputy Speaker, I have just heard the Committee Member requesting for a month. I want to take you back to the days when we used to have Ministers. During that time, if a Minister dared to ask for one month, we would bite his head off. Nowadays, some Committee Chairpersons request for three days, others request for one month while others request for two months. Can you give us guidance as 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