Oireachtas Joint and Select Committees

Tuesday, 28 November 2017

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Cost of Doing Business in Ireland: Discussion (Resumed)

4:00 pm

Mr. Kevin Thompson:

In regard to the Chair's comment, insurers abide by the consumer protection code. We do not represent the broker market, that is, the adviser market; we represent the insurers themselves. What we do know is that for a broker to give advice for someone to change their product, that advice has to comply with the consumer protection code and has to be in the best interests of the consumer. Those regulations are in place.

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