Insurance (Miscellaneous Provisions) Act 2022

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Number 11 of 2022


INSURANCE (MISCELLANEOUS PROVISIONS) ACT 2022


CONTENTS

PART 1

General Provisions

Section

1. Short title and commencement

2. Definitions

PART 2

Amendment of Act of 2018

3. Amendment of section 4 of Act of 2018

4. Amendment of section 8 of Act of 2018

PART 3

Insurance measures report

5. Interpretation (Part 3)

6. Central Bank of Ireland report on insurance measures

PART 4

Amendment of Act of 2019 and of Central Bank Act 1942

7. Amendment of section 16 of Act of 2019

8. Duties of disclosure

9. Amendment of section 18 of Act of 2019

10. Amendment of Central Bank Act 1942

PART 5

Amendment of Regulations of 2015

11. Amendment of Regulations of 2015


Acts Referred to

Central Bank (National Claims Information Database) Act 2018 (No. 42)

Central Bank Act 1942 (No. 22)

Consumer Insurance Contracts Act 2019 (No. 53)

Finance (Miscellaneous Provisions) Act 2015 (No. 37)

Social Welfare Consolidation Act 2005 (No. 26)

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Number 11 of 2022


INSURANCE (MISCELLANEOUS PROVISIONS) ACT 2022


An Act to enable the collection by the Central Bank of Ireland of certain information regarding deductions by insurance undertakings from amounts paid in satisfaction of claims and, for that purpose, to amend the Central Bank (National Claims Information Database) Act 2018 ; to provide for the preparation of a report by the Central Bank of Ireland on certain practices of insurance undertakings regarding pricing; to amend the law regarding mutual duties of disclosure in relation to information supporting or prejudicing the validity of insurance claims, to provide for the disclosure by insurance undertakings of information in relation to deductions from amounts paid in satisfaction of claims and to amend the law in relation to exclusions from contracts of insurance and, for those purposes, to amend the Consumer Insurance Contracts Act 2019 ; to amend the European Union (Insurance and Reinsurance) Regulations 2015, as regards undertakings authorised in the United Kingdom or Gibraltar which are carrying on reinsurance business or subject to winding-up proceedings or reorganisation measures; and to provide for related matters.

[27th June, 2022]

Be it enacted by the Oireachtas as follows: