Oireachtas Joint and Select Committees

Wednesday, 3 July 2024

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Motor Insurance Insolvency Compensation Bill 2024: Committee Stage

1:30 pm

Photo of Jim O'CallaghanJim O'Callaghan (Dublin Bay South, Fianna Fail) | Oireachtas source

I am looking at section 8 of the Bill, "Publication of winding-up of insurer". If an application is made to wind-up an insurance company, does the objective of this legislation kick in at that stage? Do people bring the applications for their insurance claims to the compensation body at the time the winding-up petition is presented or do they have to wait for a final determination from the High Court as to whether the insurance company is insolvent?

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