Joan Burton (Dublin West, Labour) | Oireachtas source

We have the examples of PMPA and Quinn Insurance, and the more recent example of the company registered in Malta. In all of these cases, ultimately because of a lack of proper financial regulation, people effectively offered policyholders an apparently better deal, which then boomeranged when the particular institutions failed key financial tests. In the Deputy's appropriate and proper concern for policyholders facing significant increases, he should not throw out the baby with the bath water.

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