John Paul Phelan (Fine Gael)

I move amendment No. 2:

In page 12, subsection (3)(d), line 2, after "policies" to insert "provided the regulation does not adversely affect the interest of the policy holder".

Section 7 states the aim is "to reduce the administrative and financial burden of maintaining unclaimed policies". The amendment seeks to avoid a situation where a financial institution or an insurance company could possibly cut corners in an attempt to cut costs when dealing with people who have unclaimed policies.