Brian O'Shea
Ceist:127 Mr. O'Shea asked the Tánaiste and Minister for Enterprise, Trade and Employment her proposals to help small businesses exposed by a company (details supplied); and if she will make a statement on the matter. [9327/02]
Written Answers. - Company Liquidation.
Independent Insurance Company Limited, IICL, is a UK authorised insurer, currently in provisional liquidation. The liquidation process will be dealt with under UK law.
Companies, including small businesses, with claims outstanding against IICL should pursue their cases with the provisional liquidators. I appreciate the difficulties being faced by some Irish policyholders of IICL. However, it would not be acceptable to burden Irish taxpayers with the inevitable cost that would be involved in meeting insurance claims, resulting from the failure of this UK company.