Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

I suggest that we need to red flag the issue of companies that are doing all their business in one place but for some inexplicable reason are seeking the licence to conduct their business elsewhere. This needs to be red flagged immediately and the existence of this phenomenon needs to be examined.

I have a final question. Given the inconvenience and the losses that are being suffered by the policyholders, are there potential penalties or sanctions against the future involvement of these directors and shareholders in the insurance business or will they face general sanctions for what they have been responsible?