Dáil debates

Thursday, 12 July 2018

Insurance (Amendment) Bill 2018: Committee and Remaining Stages

 

7:55 pm

Photo of Michael D'ArcyMichael D'Arcy (Wexford, Fine Gael) | Oireachtas source

I will read from the briefing note and answer that for the Deputy. It says that under the new regime, the State Claims Agency will make an application to the High Court in accordance with the amended legislation no more than once in any three-month period. Therefore, the twice yearly, or six-month, period will now be four times a year. The State Claims Agency will make that application. Therefore, from a practical perspective it is hoped that within three months of the Bill being signed into law, any claim which has been settled and 65% paid will receive the balance owing of 35%. Within three months of this being finished, the approximately 50% of claims that have been settled, that is, paid at 65%, will receive the outstanding 35%.

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