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Written Answers. - Company Legislation.

Thursday, 17 October 2002

Dáil Éireann Debate
Vol. 555 No. 4

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[1169]

 58. Dr. Upton Information on Mary Upton Zoom on Mary Upton  asked the Tánaiste and Minister for Enterprise, Trade and Employment Information on Mary Harney Zoom on Mary Harney  the steps which have been taken to prevent a repeat of the losses to policyholders following the collapse of a company (details supplied) in 2001; and if she will make a statement on the matter. [18797/02]

Tánaiste and Minister for Enterprise, Trade and Employment (Ms Harney): Information on Mary Harney Zoom on Mary Harney The company in question is a UK authorised insurer currently in provisional liquidation. The failure of this company raises the wider issue of the treatment of EU policy holders in general in the event of the failure of a company writing cross-border business. My Department has brought this issue to the attention of the European Commission.


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