Seanad debates
Wednesday, 12 March 2003
Motor Insurance: Motion.
With the establishment of the IFSRA we are moving into a new era of financial regulation. There will be an effective mechanism to balance the legitimate concerns of consumers with requirements for effective solvency supervision. The legislation charges the IFSRA as a whole – its board, statutory officers, senior management and jobholders – to take consumer issues into consideration. We will also see increased dissemination of information of interest to the consumer in making a choice on purchasing insurance products.
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