Seanad debates
Thursday, 1 February 2018
Commencement Matters
Insurance Industry
10:30 am
Kieran O'Donnell (Fine Gael) | Oireachtas source
I thank the Minister of State. The main issue, particularly in regard to third-party claimants, of whom there are approximately 1,500, is a timeline for payment. The Minister of State has indicated that he expects a legislative approach will be required and that amendment of legislation or new legislation will be needed. In terms of the payment by the State of the 35% - with the subsequent recoupment from the liquidator of Setanta - when will the Setanta third-party claimants receive their cheques?
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