Seanad debates

Wednesday, 12 February 2003

Unclaimed Life Assurance Policies Bill 2002: Second Stage.

 

10:30 am

Derek McDowell (Labour)

How does that sit with the notion that it is in the companies' interests to contact policyholders? If they have the use of money for up to 15 years and they are not obliged to pay interest on it, why is it in their interests to contact policyholders before the 15 years have expired?

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