Michael Noonan (Limerick City, Fine Gael)

The purpose of the Bill is to provide money to the insurance compensation fund so the claims of people who are not covered by the Quinn group will be covered. This is what it is about. Deputy Doherty is correct to state the bulk of these are claims in Northern Ireland and other parts of the United Kingdom but not all of them are. However, he seems to be objecting to this, and what I am stating is that it is his position that the insurance compensation fund should not cover the claims of citizens who are resident in Northern Ireland if they are covered by insurance policies written by the Quinn group. This seems to be his position.

I have already answered the question about the bondholders.

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