Seanad debates

Wednesday, 12 February 2003

Unclaimed Life Assurance Policies Bill 2002: Committee Stage.

 

10:30 am

Photo of Frank FaheyFrank Fahey (Galway West, Fianna Fail)

Section 7(3)(a) and (c) specifically provide that the Minister may make regulations for the purpose of consumer protection and to facilitate policyholders attempting to identify moneys to which they may be entitled. It is clear that the ethos of the provision is primarily to assist the policyholder rather than the insurance undertaking. It does not need this amendment.

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