In summary, the Bill provides for, first, identification of the types of policies and undertakings to be covered by the scheme and those policies which will not be captured; second, the period of "dormancy" applying and, third, the obligations of insurance undertakings in relation to notification of policyholders that their policies may be deemed "unclaimed". Other key points are the procedure, including the timeframe, within which moneys which remain unclaimed are to be transferred to the dormant accounts fund.