Motor Insurance Insolvency Compensation Bill 2024

What this bill does AI · claude-haiku-4-5-20251001

• Establishes Motor Insurance Bureau of Ireland as official Compensation Body to handle claims from motor accidents where insurers are insolvent, funded by Insurance Compensation Fund.
• Requires claimants receive compensation payment within three months of accepting offer; streamlines process so injured parties deal directly with Compensation Body rather than multiple liquidators.
• Requires Irish insurers selling motor policies across EU borders to contribute to Insurance Compensation Fund on 'home basis'; enables Minister to set contribution regulations and materiality thresholds for claim audits.

Stage timeline What do these stages mean?

1. First Stage 33rd Dáil

   30 May 2024
2. Second Stage 33rd Dáil

   13 Jun 2024
3. Committee Stage 33rd Dáil

   13 Jun 2024
4. Report Stage 33rd Dáil

   10 Jul 2024
5. Fifth Stage 33rd Dáil

   10 Jul 2024
6. Second Stage 26th Seanad

   26 Sep 2024
7. Committee Stage 26th Seanad

   26 Sep 2024
8. Report Stage 26th Seanad

   2 Oct 2024
9. Fifth Stage 26th Seanad

   2 Oct 2024
10. Enacted

    8 Oct 2024

Debates

• Committee and Remaining Stages 2 Oct 2024 ↗
• Second Stage 26 Sep 2024 ↗
• Report and Final Stages 10 Jul 2024 ↗
• Second Stage 13 Jun 2024 ↗

Related bills

• Microenterprise Loan Fund (Amendment) Bill 2024 Cream List
• Protection of Employees (Employers' Insolvency) (Amendment) Bill 2025 Enacted
• Employment (Contractual Retirement Ages) Bill 2025 Enacted
• Just Transition (Worker and Community Environmental Rights) Bill 2021 Second Stage
• Industrial Relations (Provisions in Respect of Pension Entitlements of Retired Workers) Bill 2021 Committee Stage
• Taxes Consolidation (Rights of Performers and Film Workers) (Amendment) Bill 2025 Second Stage