Oireachtas Joint and Select Committees
Wednesday, 19 May 2021
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Developments in the Insurance Industry: Discussion
Mr. Anthony Brennan:
The Senator asked a question related to the current legislation.
I tried to explain why the current legislation does not apply in this circumstance. I am not saying that insurance companies are not entitled to State subsidies or anything like that. I was simply pointing out that the current legislation is very much based on a very specific point of law around personal injuries arising from accidents. I was not trying to say that the insurance company is entitled to this. I was simply pointing out that this is why it does not automatically apply. The current legislation does not automatically make this happen.