Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

I want to delve into the matter of commercial policies.

The Central Bank informed us that two thirds of the 75,000 policyholders had commercial motor insurance polices and that one third had private motor insurance policies. Mr. Casey mentioned that the insurance compensation fund only pays out on claims where an individual is involved. He went on to state that while the liquidator had informed him that Setanta had a significant number of commercial policies, he was not in a position to clarify the exact number at this stage.

Can we clarify what we are talking about in terms of commercial policies? Can one have a commercial policy on which the insurance compensation fund can still pay out? If I had a company, had insurance in the name of the company and it was a commercial policy, that would not be paid out of the fund but if I had a company and had commercial insurance in my name, could that be paid out of the fund? Can we get some clarity as to what type of commercial policies will not be able to access the fund?