Oireachtas Joint and Select Committees
Wednesday, 16 December 2020
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Insurance Issues: Minister of State at the Department of Finance
Pat Casey (Fianna Fail)
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Actual claims made could drag on for ten years. One has to pay a premium for a ten-year period and the claim might not add up to anything. It is a matter of transparency. If one can clearly see a potential claim as a policyholder, one should see what the claim costs in a premium, and if there is an actual claim, one should see the cost of the premium for that. It drags on and takes a long time to get to the end date.
It is very hard to keep track of that. Those are my few comments. I thank the Minister of State for being present.