Oireachtas Joint and Select Committees
Thursday, 16 February 2017
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Report on Cost of Motor Insurance: Minister of State at the Department of Finance
9:30 am
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
Yes, but the quarter 4 deadline has been chosen. The deadline in respect of recommendation 1, which is to work with Insurance Ireland to develop a protocol for the reasons of large increases in premiums, is quarter 2.
Both of those are very important issues, which I stressed when the motion was debated in the Dáil. I have also raised it with the Minister of State at committee. There is a protocol for quarter 2. What will the protocol consist of? What will large increases mean? Will it mean that they will be able to say, because of prevailing economic issues and the pressures on the insurance industry, that they believe they have to increase insurance premiums? Will it be specific? Your report is not specific.
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