First Stage Lapsed 26th Seanad 49/2023

Consumer Insurance Contracts (Amendment) Bill 2023

Finance & Tax Business & Regulation

Sponsor: Barry Ward
Introduced: 1 Jun 2023
Last updated: 30 Jan 2025

Plain-English summary AI · claude-haiku-4-5-20251001

Amends the 2019 Consumer Insurance Contracts Act to ban insurance providers from using average clauses in policies.
Average clauses reduce payouts if insured value is less than property's actual value; this bill prevents that practice.
Bill lapsed at First Stage; no changes to consumer insurance law resulted from this proposal.

Stage timeline

First Stage 26th Seanad

1 Jun 2023