1. The Minsiter for Finance has confirmed the Gov. will continue to block sections of my Consumer Insurance Contracts Act until September 2021, despite it being signed into law by President Higgins six months ago. This is a victory for the insurance lobby & a blow to consumers...
2. The Gov have chosen to block sections concerning the pre-contractual duties of insurers, proportionate remedies for misrepresentation & the duties of insurers at renewal. These provisions were crucial in shfiting the balance of power towards the consumer...
3. Making it harder for insurance companies to wriggle out of paying valid claims, & making the pricing of your premiums more transparent when it comes to renewal time. It is clear that the Government have bowed to the wishes of the insurance industry...
4. Who have had since 2017 to get their act together & prepare for the provisions of this legislation. Once again Gov. has served their interests. Other provisions of my legislation will be given legal effect this September. They will offer real protections to consumers & SMEs...
5. Sinn Féin will continue to work for insurance reform in the times ahead whether this Government chooses to block reform or not.
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