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. Declan O'Rourke:
If a company is involved in reckless trading, for example when it is bankrupt, and there was an allegation against the directors, there are insurance policies one could buy for that, until it was proven in fact that they did an illegal act. One cannot, however, cover an illegal act.