Peter Mathews (Dublin South, Fine Gael) | Oireachtas source

Normally a mortgage protection policy is assigned to the bank, or it is in the joint names of the borrower and the bank, so that if the borrower fails to pay the premium the policy will lapse. Therefore, the insurance company notifies the bank that the premium has not been paid and normally the bank should step in to do so. Is it legally obliged to step in to keep premiums going?