Insurance (Miscellaneous Provisions) Bill 2022
Public bill · Government · Presented
The Bill would let the Central Bank collect and publish information on deductions made from insurance claim payments, especially where public money or State supports are involved, so claimants can see what is being taken off their payouts. It also requires the Central Bank to report on pricing practices such as “price walking” and automatic renewals, clarifies some rules on what insurers and customers must disclose after a claim, and makes insurers tell customers about any deductions from their settlement. It further adjusts post-Brexit rules so certain UK and Gibraltar insurers can continue running off existing Irish business in an orderly way.
Formal long title
Bill entitled an Act to enable the collection by the Central Bank of Ireland of certain information regarding deductions by insurance undertakings from amounts paid in satisfaction of claims and, for that purpose, to amend the Central Bank (National Claims Information Database) Act 2018; to provide for the preparation of a report by the Central Bank of Ireland on certain practices of insurance undertakings regarding pricing; to amend the law regarding mutual duties of disclosure in relation to information supporting or prejudicing the validity of insurance claims, to provide for the disclosure by insurance undertakings of information in relation to deductions from amounts paid in satisfaction of claims and to amend the law in relation to exclusions from contracts of insurance and, for those purposes, to amend the Consumer Insurance Contracts Act 2019; to amend the European Union (Insurance and Reinsurance) Regulations 2015, as regards undertakings authorised in the United Kingdom or Gibraltar which are carrying on reinsurance business or subject to winding-up proceedings or reorganisation measures; and to provide for related matters.
Last updated 11 September 2024
- Minister for Finance Primary
- First StageDáil
- Second StageDáil
- Committee StageDáil
- Report StageDáil
- Fifth StageDáil
- Second StageSeanad
- Committee StageSeanad
- Report StageSeanad
- Fifth StageSeanad Enacted
- EnactedEnacted
- Insurance (Miscellaneous Provisions) Bill 2022: Committee and Remaining Stages Seanad
- Insurance (Miscellaneous Provisions) Bill 2022: Second Stage Seanad
- Insurance (Miscellaneous Provisions) Bill 2022: Report and Final Stages Dáil
- Insurance (Miscellaneous Provisions) Bill 2022: Committee Stage Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
- Insurance (Miscellaneous Provisions) Bill 2022: Second Stage Dáil
- Insurance (Miscellaneous Provisions) Bill 2022: Referral to Select Committee Dáil