Oireachtas Joint and Select Committees
Thursday, 6 October 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Rising Costs of Motor Insurance: Discussion (Resumed)
10:00 am
Ms Sylvia Cronin:
The Civil Liability (Amendment) Bill 2015 proposed the introduction of periodic payment orders, but that legislation has yet to be enacted. The insurance companies need to assess and determine the impact of periodic payment orders in their reserves as we go forward. We would look at whether companies have reviewed any changes that have occurred.
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