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

This legislation is prospective rather that retrospective. We have asked the Attorney General for clarity on that. We have not got a conclusive position yet but we will have one for Report Stage. Most insurance is for a one-year period. Anything that would lapse prior to enactment of this Bill would lapse without this provision attached to it, but on renewal it would subsequently be live.