asked the Minister for Industry and Commerce if he has issued the warrant permitting the Private Motorists' Protection Association Insurance Company to lodge the additional £85,000 required under the Insurance Act, 1964; and why there was a delay of three months in issuing the warrant.
Ceisteanna—Questions. Oral Answers. - PMPA Insurance Company.
43.
I have not yet issued the warrant in question. With the assistance of the company, I am making inquiries into its financial structure with a view to ascertaining if it can engage in motor insurance business with a reasonable prospect of success. In the interests of the insuring public, I feel bound to look carefully into this matter before I issue the warrant.