Oireachtas Joint and Select Committees
Thursday, 11 July 2019
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Consumer Insurance Contracts Bill 2017: Committee Stage
It was one of the first things I tried to get done when I came into this job. We anticipated it would be done on a voluntary basis. That has not been the case, however. This is the only method by which we are able to do this.
There will be an engagement. I have been critical of the insurance companies and their settlement channels because it is easy to settle when one is going to load the premium next year. However, there will be interaction and conversation. This will not prejudice the insurer or the insurance company. They will have the authority and final decision on the matter. At least, it is a step in the right direction.