Michael D'Arcy (Wexford, Fine Gael) | Oireachtas source

Yes. It applies for contracts that get renewed now and in the future. If the Deputy has an existing contract and he has told the insurer that the warranty on his burglar alarm system is sufficient, it is, but when he then renews, he will have to indicate that warranty. It is not all in favour of the consumer. There is a requirement on consumers that, if they have a warranty, it has to be enforceable on behalf of the insurance company.