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

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

That takes me to recommendation No. 3. The Central Bank is to amend legislation for the minor issue of changing the notification for renewal from 15 working days to 20 days. This is to make it easier for motorists to compare pricing when purchasing insurance. We may see that in 15 months. There are very clear commitments on issues that potentially affect consumer rights. Why does it take 15 months to deal with them? This is not a contentious issue. There is no increase in paperwork for the insurance industry, they just have to process it five days earlier.

Comments

No comments

Log in or join to post a public comment.