The legislation must also deal with the situation where the owners of funds cannot be traced or these owners do not come forward to claim their moneys. In these circumstances, the insurance undertakings will be required to transfer the net encashment value of the policies, as defined in the Bill, to the dormant accounts fund due to be established in the coming weeks by the NTMA. I stress the point that no individual will lose his or her right of access to those funds. The rightful owner, including the policyholder or, for example, his or her heirs, will have a guaranteed right to reclaim the funds at any time. The Bill provides that the amount repaid will be exactly what the policyholder is entitled to claim under the terms of the policy.