Oireachtas Joint and Select Committees

Wednesday, 1 April 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Setanta Insurance Liquidation: Discussion

2:00 pm

Mr. Ronan Hession:

I am not familiar with the clause referred to by the Deputy. My understanding was that there might be a payment on third-party claims.

For example, if people do not hold insurance then they are not insured and they hit somebody else, a claim may be paid to the third party and the party may be entitled to pursue the uninsured first party to recover costs. That was my understanding of the way one might pursue somebody. In response to what has been described by the Deputy, I was unaware of that interpretation but we will reflect on the matter. If the committee has a question on the matter we are happy to consult the Department of Transport, Tourism and Sport and provide whatever clarification we can.

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