Seanad debates
Wednesday, 12 February 2003
Unclaimed Life Assurance Policies Bill 2002: Committee Stage.
10:30 am
Frank Fahey (Galway West, Fianna Fail)
The policy remains as a policy on the company's system so there is a cost factor involved, even though the company cannot reclaim the cost because it must pay over the full amount. Therefore, it is of no benefit to the insurance company.
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