Dáil Éireann Debate, Tuesday - 23 June 2015
405. Deputy Billy Kelleher asked the Minister for Health if he expects Voluntary Health Insurance to acquire the necessary fund for reserves to make an application for authorisation by the Central Bank of Ireland by 30 June 2015. [24540/15]
View answerThe Central Bank of Ireland has completed its assessment of VHI's application for authorisation and has agreed to its authorisation in principle, subject to the provision of a capital requirement. VHI is committed to self-funding the required capital and is engaged in the preparatory work to put the capital in place.
Once VHI's authorisation is complete, it will be regulated by the Central Bank as a non-life insurance undertaking.
I trust this clarifies the matter for the Deputy.
