Local Authority Finances

Dáil Éireann Debate, Tuesday - 17 May 2016

Tuesday, 17 May 2016

Questions (421)

Seán Fleming

Question:

421. Deputy Sean Fleming asked the Minister for the Environment, Community and Local Government to provide the most recent financial statement in respect of the local authority protection insurance scheme which is overseen by the mortgage protection committee which is a subcommittee of the County and City Management Association and is representative of the local authorities, the Housing Finance Agency and his Department; and if he will make a statement on the matter. [10592/16]

Written answers

Minister for the Environment, Community and Local Government

The local authority mortgage protection insurance (MPI) scheme is overseen by the Mortgage Protection Committee which is a sub-committee of the County and City Management Association (CCMA) and is representative of the CCMA, local authorities, the Housing Finance Agency and my Department. The group policy is a commercial insurance product which is procured in accordance with EU procurement rules.

The current underwriter is Generali Pan Europe dac with Marsh Ireland acting as their insurance administrator. Financial information specific to the operation of the local authority MPI product is commercially sensitive. As part of the upcoming re-tendering process, the Committee will again seek to secure, with effect from 1 January 2017, the most appropriate insurance cover at the best value for money for local authority borrowers.

Question No. 422 answered with Question No. 357.