AI-assisted research summary: This Act sets up rules for compensation, claims handling, funding, audits, personal data processing, and amendments connected to motor insurance insolvency compensation.
Motor Insurance Insolvency Compensation Act 2024 Permanent Page URL View by Section Amharc de réir Ailt View Full Act Amharc ar an Acht Iomlán Bill History Stair Bille Commencement, Amendments, SIs made under the Act Tosach Feidhme, Leasuithe, IRà arna ndéanamh faoin Acht Open PDF Oscail PDF Priontáil an tAcht Iomlán Previous Section Alt Roimhe Next Section An Chéad Alt Eile Priontáil an tAlt 32 2024 Motor Insurance Insolvency Compensation Act 2024 PART 1 Preliminary and General 1. Short title, collective citations, construction and commencement 2. Interpretation 3. Regulations, etc. 4. Expenses PART 2 Compensation Body 5. Authorisation of body as State’s compensation body for purposes of Act and Articles 10a and 25a of Directive 6. Funding and costs and expenses of Compensation Body 7. Reporting requirements of Compensation Body 8. Publication of winding-up of insurer (domestic) 9. Presentation and processing of motor claims by Compensation Body 10. Reimbursement procedures of Compensation Body 11. Subrogation 12. Engagement and co-operation with other interested parties 13. Co-operation between stakeholders 14. Special provisions applicable to insurer (domestic) subject of voluntary winding-up proceedings PART 3 Directive, Fund and MIIC Fund 15. Integration of insurer (domestic) carrying on motor third party liability insurance in another Member State into Fund for purposes of Directive 16. Audit of certain completed claims 17. Audit of certain uncompleted claims 18. Agency to submit report to Minister on audits carried out under section 16 or 17, etc. PART 4 Personal Data 19. Definitions (Part 4) 20. Disclosure and processing of personal data 21. Provisions supplementary to section 20 22. Regulations – personal data PART 5 Miscellaneous and Consequential 23. Power to specify form of documents 24. Amendment of section 1 of Act of 1964 25. Amendment of section 2 of Act of 1964 26. Contributions to Fund by insurers (domestic) carrying on motor third party liability insurance in other Member States 27. Section 3 and Act of 2024 28. Amendment of section 3E of Act of 1964 29. Circumstances in which Compensation Body or compensation body (other) to be creditor of relevant insurer 30. Amendment of section 5 of Act of 1964 31. Amendment of section 6 of Act of 1964 32. Amendment of section 8B of National Treasury Management Agency (Amendment) Act 2000 33. Amendment of section 28 of Value-Added Tax Consolidation Act 2010 34. Amendment of Regulations of 2015 35. Provision supplementary to section 34 Assisted Decision-Making (Capacity) Act 2015 (No. 64) Central Bank Act 1942 (No. 22) Civil Liability Act 1961 (No. 41) Data Protection Act 2018 (No. 7) Insurance Act 1964 (No. 18) Interpretation Act 2005 (No. 23) National Treasury Management Agency (Amendment) Act 2000 (No. 39) Road Traffic Act 1961 (No. 24) Taxes Consolidation Act 1997 (No. 39) Value-Added Tax Consolidation Act 2010 (No. 31) 32 2024 Motor Insurance Insolvency Compensation Act 2024 An Act to give further effect to Directive 2009/103/EC of the European Parliament and of the Council of 16 September 2009 relating to insurance against civil liability in respect of the use of motor vehicles, and the enforcement of the obligation to insure against such liability, as amended by Directive (EU) 2021/2118 of the European Parliament and of the Council of 24 November 2021 and for that purpose and other purposes to amend the Insurance Act 1964 , the National Treasury Management Agency (Amendment) Act 2000 , the Value-Added Tax Consolidation Act 2010 and the European Union (Insurance and Reinsurance) Regulations 2015 ( S.I. No. 485 of 2015 ); and to provide for related matters. th October, Be it enacted by the Oireachtas as follows: OJ No. L263, 7.10.2009, p. 11 OJ No. L430, 2.2.2021, p. 1