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Insurance Act, 1964

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Number 18 of 1964.

INSURANCE ACT, 1964

ARRANGEMENT OF SECTIONS

Section

1.

Definitions.

2.

Insurance Compensation Fund.

3.

Payments out of Fund in respect of certain liabilities of insolvent insurers.

4.

Grant to Fund by Minister for Finance.

5.

Advances to Fund by Minister for Finance.

6.

Contributions to Fund by insurers.

7.

Restriction on the grant of assurance licences.

8.

Amendment of section 22 of Act of 1936.

9.

Amendment of section 23 of Act of 1936.

10.

Provision in respect of existing deposits by insurers in High Court.

11.

Amendment of section 27 of Act of 1936.

12.

Purchase and sale of shares of Irish Life Assurance Company, Limited, by Minister for Finance.

13.

Construction of articles of association of Irish Life Assurance Company, Limited.

14.

Regulations.

15.

Expenses.

16.

Short title, construction and collective citation.

Acts Referred to

Courts (Supplemental Provisions) Act, 1961

1961. No. 39.

Insurance Act, 1936

1936, No. 45.

Companies Act, 1963

1963, No. 33.

Insurance (Amendment) Act, 1938

1938, No. 31.

Control of Manufactures Act, 1934

1934, No. 36.

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Number 18 of 1964.

INSURANCE ACT, 1964

AN ACT TO PROVIDE FOR THE ESTABLISHMENT OF A FUND TO BE KNOWN AS THE INSURANCE COMPENSATION FUND TO MEET CERTAIN LIABILITIES OF INSOLVENT INSURERS, TO PROVIDE FOR THE MAKING OF A GRANT AND LOANS TO THE FUND BY THE MINISTER FOR FINANCE AND CONTRIBUTIONS TO THE FUND BY INSURERS, AND FOR THOSE AND OTHER PURPOSES TO AMEND AND EXTEND THE INSURANCE ACTS, 1909 TO 1961. [7th July, 1964.]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:—