I will now outline a few of the key principles enshrined in the Bill but, in particular, should point out that, though the Minister for Finance is bringing forward these proposals, it is the Minister for Community, Rural and Gaeltacht Affairs who will have primary ministerial responsibility for the scheme, especially the disbursement aspects. The proposed scheme will apply to all insurance undertakings in the State and all policies of life assurance taken out by Irish residents, other than policies which form part of the assets of occupational pensions schemes, group health insurance or disability benefit schemes and sponsored superannuation schemes. The application of the provisions of the Bill is set out in section6.