Eamon Ryan (Dublin Bay South, Green Party) | Oireachtas source

I move amendment No. 8:

In page 12, to delete line 30 and substitute the following:

“ “Obligation to supply vehicle insurer or certain intermediaries with certain information

56A.(1) For the purpose or in the course of obtaining the issue of an approved”.

Amendment No. 8 is a purely technical amendment to add a heading, or what is called a shoulder note, to the new section 56A being added to the 1961 Act.

The import of amendments Nos. 9 and 10 and 32 is they will add references to intermediaries acting on behalf of vehicle insurers. This relates to a variety of the technical amendments I am presenting. It has been drawn to our attention since the original drafting of the Bill that many insurers operate through what are known as managing general agents, MGAs. A foreign insurance company might not be directly selling its products in Ireland but it would have administrative agents operating here. These measures are to give them the same powers or capabilities in terms of access to the database and there are also requirements to pass on information to the database. Such agents are common and are an important part of the insurance industry. These amendments are to make sure they are recognised legally as intermediaries under this legislation.