Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

The collapse of Setanta Insurance, which left approximately 75,000 policyholders high and dry, has prompted this question. We already had a Topical Issue debate on the matter some weeks ago. My main concern is that Irish consumers and insurance policyholders are potentially exposed to serious risk because they are buying insurance services from firms that are not regulated by the Irish Central Bank. The purpose of my putting down this question is to gain a greater understanding and reassurance in respect of how consumers can be better protected.

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