Dáil
‹ Questions on Promised Legislation Insurance compensation fund Bill
Summary
Deputy Peter Fitzpatrick asks when the insurance amendment Bill, arising from the Setanta ruling, will come before the House. The Taoiseach says it is expected to be published this session before Christmas.
On the insurance (amendment) Bill, among the issues raised in the Supreme Court ruling on the Setanta case was that it provided for an increase from 65% to 100% in the level of coverage provided by the insurance compensation fund, ICF, for third party motorist claims.
This increase will be funded by the insurance industry and a mechanism will be put in place to protect the industry should a motor insurer be liquidated. When can we expect the legislation to come before the House?
