Feargal Quinn (Independent)

The Minister of State has revealed a fascinating piece of information – I had no idea we were talking about this amount of money. We do not know how much money is involved but 500,000 policies of less than €500 in value gives us some idea of the challenge facing us. I accept the Minister of State's view on the prohibitive costs of writing to 500,000 people about what could be €20 or €50 policies. Nonetheless, we must look at this matter again. I would be pleased to know it is not closed and that no company is sitting on a large amount of money that is outside the scope of the Bill. This must be considered again. Perhaps the solution is to reduce the €500 limit to €250 as suggested by Senator Phelan's amendment.