asked the Minister for Finance if he will state (a) the names of the insurance companies having registered offices in the Republic of Ireland which submitted tenders to the Commissioners of Public Works pursuant to an advertisement in February, 1951, inviting tenders for employers' liability insurance; (b) the names of the insurance companies and syndicates not having registered offices in the Republic of Ireland which tendered pursuant to the said advertisement; (c) the name of the insurance company or syndicate which entered into a contract of indemnity with the commissioners pursuant to the advertisement, and (d) the amount the commissioners have agreed to pay by way of premium and part of the contract.
Ceisteanna—Questions. Oral Answers. - Government Insurance Contracts.
As the Deputy was informed in reply to a previous question, the Commissioners of Public Works accepted the tender for employers' liability insurance for the period 1st April, 1951, to 31st March, 1952, which was submitted by the Irish Overseas Insurance Brokers, 44 Kildare Street, Dublin, on behalf of underwriters at Lloyds.
It would be contrary to established practice to disclose the other information requested.
Am I to infer from the Parliamentary Secretary's reply that the insurance company which got the contract has a registered office in this country?
The Deputy had a similar question some months ago, which was fully replied to by my predecessor. It is quite legal according to the Insurance Act of 1936 for a company licensed under that Act to be given insurance.
Am I to understand from the Parliamentary Secretary that the insurance company which has got the contract of workmen's liability is a registered insurance company within this country?
It is, within the meaning of the Act of 1936.
Insurance companies will soon have as good a grip of this country as the banks have.