Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Some time ago I saw a letter issued by a solicitor acting on behalf of the liquidator warning a former Setanta policyholder that he may be personally liable in the event that a third party injury claim succeeds and there is insufficient money to settle the claim. The letter went on to say that such a successful third party claim could result in a judgment being registered against the former policyholder. Is that the case?