Hogan, Philip

Wednesday, 11 May 1988

Seanad Eireann Debate
Vol. 119 No. 10

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Insurance Bill, 1987: Committee Stage (Resumed).

Amendments Nos. 10, 11, 12, 14 and 15 refer in particular to the importance of having due notice given to the people who are going to be affected by delivery of post. Section 4 refers to serving very...More Button

I certainly see that the Minister would want discretion in the way in which he could serve documents on an undertaking. He will have to admit that a dispute could arise if a document had not been rec...More Button

I am glad Senator Fallon referred to this. I have no doubt that the Minister had difficulties in the past in getting information and in having returns disclosed and documents sent to his Department i...More Button

I find it very difficult to understand the insertion of this paragraph into the section. I would like to ask the Minister what difference the insertion of the new paragraph (g) would make in view of ...More Button

I was concerned that the insertion of this paragraph might be against the rules of the EC directives and I am glad to hear the Minister saying that they are not. I am concerned that the Minister shou...More Button

I was glad to hear the Minister say foreign companies that have subsidiaries in Ireland would have access to main frame computers. That will be very important to future development of insurance compa...More Button

This amendment is of a technical nature. In view of the involvement of banks and building societies in the insurance business, and setting up their own life assurance companies, is there a separation...More Button

I thank the Minister for his clarification of this section, but I can assure him I will be raising the matter again on another section. Amendment agreed to. Government amendment No. 21: In page 8, bef...More Button

There is one question that perhaps would be more appropriate to the industry which expressed their concern, and that is the definition of an actuary or a person who would carry out the investigation. ...More Button

I want to repeat what I said earlier. I agree totally with Senator Fallon. The words “vested interest” have been used. Obviously the banks have a vested interest in relation to bank accounts. Sena...More Button

I cannot agree at all with the Minister's interpretation of the real world in relation to this practice that is going on, the practice which the Minister referred to and for which he has no evidence t...More Button

If a bank manager is not doing business for the company the bank owns, he certainly will be ticked off fairly quickly from headquarters about the direction in which his life assurance business should ...More Button

He could be a separate agent for another company. The Bank of Ireland at the moment owns Lifetime Assurance. Is the Minister saying that the Bank of Ireland manager in the local town is not going to...More Button

I appreciate the Minister's concern. He is doing the best he can. He knows there is an argument there but he has a job to do and we have a job to do in relation to this Bill. As an insurance broker...More Button

Irish Emigrants in the US: Motion (Resumed).

I thank Senator Connor for allowing me five minutes of his time. I am glad of the opportunity to speak to this motion tonight because of my recent visit to the United States — to which I am a frequent...More Button

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