Clare Daly (Dublin Fingal, Independent)
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106. To ask the Minister for Housing, Planning, Community and Local Government if he will initiate a legal or insurance investigation into the repudiation by a company (details supplied) of its liability for houses covered by an agreement which were affected by pyrite. [26481/17]

Clare Daly (Dublin Fingal, Independent)
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107. To ask the Minister for Housing, Planning, Community and Local Government the steps he can take to investigate a surplus of €25 million in the pre 2008 accounts of a company (details supplied) which could be sequestered to fund pyrite remediation in view of its repudiation of liability for same. [26482/17]

Damien English (Meath West, Fine Gael)
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I propose to take Questions Nos. 106 and 107 together.

Policy responsibility in relation to insurance is a matter for my colleague, the Minister for Finance, with the insurance sector being subject to regulation by the Central Bank of Ireland.

The company referred to by the Deputy is a private limited company providing structural guarantees for new houses and is regulated by the Central Bank. As is the case for any private company, its operations are a matter for its management and Board of Directors and I, therefore, have no role or function in its operations and cannot direct it to take a particular course of action.

In the context of the pyrite remediation scheme, an agreement was reached between the Pyrite Resolution Board and the company referred to by the Deputy in June 2014, under which the company agreed to contribute technical and project management services to the Board to the value of €2 million. Such services include assisting in organising and managing the testing of dwellings and project management of remediation contracts.  The company has also agreed to make available to the Pyrite Resolution Board/Housing Agency the results of testing undertaken by it prior to the operation of the scheme.

A Supplemental Agreement has been signed with the company for dealing with structural defects not related to pyritic heave, which are identified prior to or during the course of pyrite remediation works.  In such cases, it will, under the Supplemental Agreement, make an appropriate contribution towards the cost of such structural works.