Written answers

Wednesday, 25 June 2014

Department of Health

Health Insurance Regulation

Photo of Seán FlemingSeán Fleming (Laois-Offaly, Fianna Fail)
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45. To ask the Minister for Health his plans for the VHI; and if he will make a statement on the matter. [27061/14]

Photo of James ReillyJames Reilly (Dublin North, Fine Gael)
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The Government agreed in December 2011 to address the European Court of Justice ruling of September 2011 and has continued to work with the VHI in its application process for authorisation by the Central Bank of Ireland (CBI). I would draw the Deputy's attention to the significant progress made since the Government Decision of 3 December 2013 to achieve authorisation of VHI by end 2014. The VHI submitted its application for authorisation to the CBI on 16 May 2014. VHI's readiness for authorisation will be determined by the CBI after its assessment of its application. VHI has indicated that it expects to be in a position to self-fund any capital requirements without recourse to Exchequer funds.

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