Insurance Bill 1999

Public bill · Government · Presented

Insurance intermediaries such as brokers and agents would need authorisation and supervision, with clearer rules on whom they may represent, how they handle clients’ money and what insurers must check. Customers would receive more information about life and non-life policies, including premiums, commissions, charges, benefits, exclusions, cancellation and renewal terms, while regulators would gain stronger inspection powers and penalties for wrongdoing.

Formal long title

Bill entitled an Act to provide for the authorisation and supervision of insurance intermediaries by the Central Bank of Ireland and to enable further effect to be given to Council Directive No. 92/96/EEC of 10 November 1992 and for those purposes and for the purpose of providing for the disclosure of information in relation to life assurance and non-life insurance to amend the Insurance Act, 1989, and the Investment Intermediaries Act, 1995, and to provide for related matters

Last updated 12 April 2018