Insurance Industry Regulation

Dáil Éireann Debate, Tuesday - 18 September 2012

Tuesday, 18 September 2012

Questions (1069)

Patrick Nulty

Question:

1069. Deputy Patrick Nulty asked the Minister for the Environment; Community and Local Government if he will introduce regulations regarding structural insurance, home insurance and insurance for building projects and quarries to ensure that there is adequate consumer protection as per recommendations 22, 16 and 19 in the Pyrite Report; if he will further ensure that the insurer in these instances will be entirely independent of the entity responsible for construction and of the building industry; and if he will make a statement on the matter. [37939/12]

Written answers

Minister for the Environment, Community and Local Government

My Department has no regulatory function in the area of insurance or insurance based products but will, however, be working with the appropriate regulatory bodies to advance the recommendations in the pyrite report in relation to these issues.

Questions Nos. 1070 to 1072, inclusive, answered with Question No. 1046.