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New law to edge out insurance brokers

With the hiking fare prices, most people prefer using motorbikes for their flexibility. [Kipsang Joseph/Standard]

The insurance industry could soon be thrown into a tailspin if new amendments to the insurance Act sail through the National Assembly.

The proposed changes dubbed Insurance Act (Amendments) 2018, which are being fronted by the Government through the National Treasury, are at the Committee Stage in the House.

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