Oireachtas Joint and Select Committees

Wednesday, 24 April 2013

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance

Central Bank (Supervision and Enforcement) Bill 2011: Committee Stage

7:40 pm

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael) | Oireachtas source

I move amendment No. 68:


In page 30, subsection (2), between lines 20 and 21, to insert the following:“(l) provision requiring—
(i) the giving of reasons for refusals to provide quotations for insurance cover applied for and for not accepting claims under policies or contracts of insurance,
(ii) the giving of notification in relation to decisions on claims under policies and contracts of insurance and in relation to the carrying out of work to repair property under such policies and contracts including the cost and scope of such work and its certification, and
(iii) the giving of information in relation to appeals procedures;
(m) provision requiring the giving of statements of account by regulated financial service providers to customers in respect of financial services, including the information to be given in such statements and the form and frequency of, and manner in which, such statements may be given;”.

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