 Parliament has passed the Insurance Amendment Bill to allow a company an extension of time to submit its annual accounts for a period permitted by the Registrar in the case of a state of emergency or disaster. Prime Minister and Minister for Finance Economic Development in the youth economy, Hon. Philip J. Pierre, piloted the bill during the first sitting of the House of Assembly for 2022 on 1st February. Hon. Pierre told the House that the amendment would better facilitate and support businesses during crises and called upon the public to ensure their properties. I really want to urge people to ensure that the insurance, the insurer houses, Mr. Speaker, because it's important now that people insure their houses because of the changes in climate, changes, etc., and that the value of the insurance is similar or the value of the insurance they take, Mr. Speaker, is in line with the value of their house because many times you find people are on the insurance and when the time comes they do not get the retailers, something happens with you. And also I want to urge people also to read carefully the terms and conditions of the insurance policies, read carefully, because there are several circumstances where people believe that they are insured for certain things and when claims are made, the insurance company finds a reason why they should not, the insurance company finds a way, Mr. Speaker, finds some clothes why they should not pay, Mr. Speaker. The Prime Minister urged the public to familiarize themselves with their insurance policies and understand the fine print. When you buy an insurance policy, you should always find the details. Make sure that you get the details of the policy. Ask all the questions, Mr. Speaker. And secondly, when insurance companies do not fulfill the obligations of their insurance contracts, they ought to be away where they are brought to speed for that sort of non-compliance, Mr. Speaker. But I also hope that insurance companies can see that the government is making compliance a little easier for them because of circumstances. But I also hope that they meet the obligations to the policy holders and many times that does not happen. Prime Minister Hon. Philip J. Pierre, the Insurance Amendment Bill was passed in the upper house, the Senate, on Friday, 4th February 2022.