Seanad debates

Wednesday, 12 February 2003

Unclaimed Life Assurance Policies Bill 2002: Second Stage.

 

I and Fine Gael support the aims of the Bill, but there is a number of key areas where we have questions to ask. The Minister of State has referred to these aspects in his speech. One of the key issues is contacting people who hold policies. I am reminded that when I was in secondary school a salesman called to my house selling insurance to one of my parents and he almost had me, at 18 years of age, signed up to take out an insurance policy. When insurance companies and insurance brokers go to such lengths to garner customers, the Minister should ensure that they go to tremendous lengths to contact these customers before funds from these accounts end up in the dormant accounts fund.

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