Seanad debates
Wednesday, 12 February 2003
Unclaimed Life Assurance Policies Bill 2002: Committee Stage.
10:30 am
Derek McDowell (Labour)
There is some merit in the amendment, although we need not require insurance companies to have precise numbers. If a notice appeared stating there are 500,000 unclaimed policies, rather than just a formal statutory notice, ancillary publicity from radio or television would result. While I accept that there will not be a precise number by October this year, the undertakings will have a clear idea by next year. In three or four years they should be in a position to give us that information earlier. A general broad indication would attract more interest.
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