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 Neale RichmondNeale Richmond (Dublin Rathdown, Fine Gael) | Oireachtas source

The first port of call on this is the State Claims Agency. It is the most relevant body. The Comptroller and Auditor General will review the insurance compensation fund, and the Motor Insurers Bureau of Ireland will be part of this review.

It must be stated that this approach is utterly consistent with the separate collection (deposit return scheme) regulations 2021. There is nothing new about this. We are just following best practice and precedent.

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