Oireachtas Joint and Select Committees

Tuesday, 5 February 2019

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

 

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

I wish to make a point on insurance because it is important for people to have an insurance policy. The Minister referred to insurance companies, some of which have contingency planning, but there are issues with others who have not done that in the UK and Malta. In the context of Brexit, what does that mean for a consumer who might be listening to the debate? If I was watching the committee proceedings, I would not understand what it means. Does it mean my insurance policy could come to an end on 29 March? What does it mean in practice for those companies that have not done the proper contingency planning and that are located in Malta or the UK and are passporting into Ireland? Will that information be publicly available to consumers who may be considering renewing their policies at this point in time?

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