The regulation of the small public service vehicle (SPSV) industry is a matter for the National Transport Authority (NTA) under the provisions of the Taxi Regulation Act 2013.
Under that Act, the NTA has the power to make regulations and has set that in the case of transfer of vehicle licence upon death of licence holder, the person nominated to receive the licence must provide evidence of insurance in order for their application to be approved.
In relation to the terms and conditions set by insurance companies, these are commercial issues. This position is reinforced by the EU framework for insurance which expressly prohibits Member States from adopting rules which require insurance companies to obtain prior approval of the terms and conditions of insurance products.
I have forwarded your question to the NTA for consideration. Please advise my Private Office if you do not receive a response within 10 working days.