Pearse Doherty (Donegal, Sinn Fein)
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The way section 8 is drafted represents an opportunity for us as committee members and as Members of the Oireachtas to look at issues that were in the report of the committee on the cost of motor insurance. For example, section 8 refers to what the insurance company would have to inform a customer about in respect of the amount of premium or the method of calculating it. This is a major issue. People wanted to know how their insurance premiums were increasing year on year and what method of calculation was used. I want to signal at this point that we need to examine the matter. Section 8 is being deleted as a result of the Government amendment but the area this section covers provides the opportunity for us to look at transparency for the consumer in insurance contracts.