Seanad debates

Wednesday, 12 February 2003

Unclaimed Life Assurance Policies Bill 2002: Second Stage.

 

Other features of the legislation are required from an operational standpoint, such as the maintenance of confidentiality regarding ownership of the moneys in unclaimed policies and amendments to the Dormant Accounts Act 2001 to ensure the entitlement of the NTMA to manage and invest moneys realised from unclaimed life assurance policies, and to entitle the board to disburse surplus of such moneys. There are also the standard provisions for commencement, interpretation, etc., that are found in a Bill of this nature.

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