Brian Cowen (Laois-Offaly, Fianna Fail)

For the purpose of being helpful, I was explaining what it was. It is not being introduced for the reason given by the Deputy, which confirms a conspiracy theory she professes on all occasions. It relates to a regulatory gap in the Insurance Acts. Currently, the Financial Regulator can present a petition to the High Court for the administration of a non-life insurance undertaking and the appointment of an administrator, but there is no similar provision for life and reinsurance companies. This legislation will address that deficiency.

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