Seanad debates

Wednesday, 12 February 2003

Unclaimed Life Assurance Policies Bill 2002: Second Stage.

 

The Minister of State placed special emphasis on the appointment of inspectors who will oversee how the insurance companies enforce this new development. Is it envisaged that the Department would take on permanently people who would act in the role of inspectors or that these people would be consultants hired in at certain times during the year? It is important that safeguards are put in place to ascertain whether the insurance industry is complying with the letter of the law.

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