The Irish Insurance Compensation Fund

Tweet

In Ireland, the Insurance Compensation Fund was established by the Insurance Act of 1983, supplemented in 1989.

The fund is financed by contributions from insurance companies. It is designed to settle policyholders' claims.

Its powers are limited to dealing with the bankruptcy of non-life insurance companies. In addition, the law sets the maximum limit for claim indemnification at 65% for policyholders and third-party claimants, ruling out the reimbursement of any premium by the fund.

Read also | List of the main guarantee funds by country

0
Your rating: None
Tue, 07/02/2023 - 15:29
© 2023 Groupe Atlas
Advertising Program          Terms of Service          Copyright          Useful links          Social networks          Credits