Seanad debates
Wednesday, 12 March 2003
Motor Insurance: Motion.
The chairman has engaged in an intensive round of bilateral contacts with members of the interim board. These bilateral meetings have covered matters relating to the future work of the board and fundamentals of particular concern to the relevant stakeholders. Discussions have also commenced among members of the board in relation to the future ongoing monitoring of delivery costs of compensation in the PIAB system. At a recent meeting of the board a number of items were discussed and agreement was reached on their advancement. Outline procedures for the PIAB have been agreed and work on the production of a book of quantum has commenced. Agreement on initial drafting of legislation to place the PIAB on a statutory footing was also reached. The work being done by the board is necessary and needs to be done in a thorough manner in order that the PIAB can hit the ground running as soon as it is established on a statutory basis.
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