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Mortgage Protection Policies

Dáil Éireann Debate, Thursday - 28 June 2012

Thursday, 28 June 2012

Questions (72)

Bernard J. Durkan

Question:

72 Deputy Bernard J. Durkan asked the Minister for Finance the number of reported incidents whereby insurance companies have refused to honour mortgage protection policies for various reasons in each of the past five years to date; if any particular action is contemplated in such cases [31481/12]

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Written answers

I have been informed by the Financial Services Ombudsman that, since 1 January 2007, his Office has received the following number of complaints in relation to mortgage protection insurance policies:

Year

Total number of complaints received

2007

91

2008

80

2009

129

2010

182

2011

200

2012 (to date)

88

As the Deputy will be aware, the Ombudsman is independent in the carrying out of investigations of complaints from consumers and in his determinations thereon. It would not be appropriate for me to comment on any findings which he has or will issue in regard to this matter. However, if the Ombudsman requests that further action by way of legislation reform is required, I will consider the matter in due course.

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