Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

This section deals with the reimbursement claims from other authorised bodies to the Motor Insurers Bureau of Ireland, MIBI, or vice versa. It looks as if there is a convoluted approach to this. It means that a reimbursement claim is received by MIBI. It is sent to the Central Bank and then a proportion of that is returned to the MIBI, to be placed in the Motor Insurers Insolvency Compensation Fund, MIICF. Is that the pattern of where this goes under section 10? I would like clarity on the practical operation of this aspect of the reimbursement procedure. I am asking in particular about the power of the Central Bank to lodge funds directly into the MIICF, which would cut out it having to back through the MIBI again. I ask the Minister of State to take me through the steps of where the money flows in relation to the MIBI seeking reimbursement from another authorised body. What are the steps involved? Does it go straight to the MIBI or does it go to the Central Bank? Does it go back to the MIBI or does it go to the MIICF and why are those steps required?