Alan Dillon (Mayo, Fine Gael) | Oireachtas source

The insurance compensation fund, ICF, was established in 1984 to facilitate payments to insurance policyholders with regard to risks in the State when a non-life insurance company goes into liquidation. This fund is financed by a levy set at 2%. This is imposed on premiums paid by policyholders to insurers. Is the insurance compensation fund adequately funded? Is it transparent and effective in protecting policyholders in the event of an insurer's insolvency?

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