1. Irish Financial Services Law
  2. Legislation (IE)
  3. Acts
  4. 1989
Date-stamp loading
  1. Insurance Act, 1989 (No. 3)
Next
Version status: In force | Document consolidation status: Updated to reflect all known changes
Published date: 15 March 1989

Insurance Act, 1989 (No. 3)

Consolidation Status: Updated to reflect all known changes
Comparing proposed amendment...
Introductory Text
Acts Referred to
Part I Preliminary and General (ss. 1-10)
In force
 1. Short title, collective citation, construction and commencement.
In force
 2. Interpretation.
In force
 3. Offences and penalties.
In force
 4. Service of documents.
In force
 5. Power to make regulations.
In force
 6. Orders.
In force
 7. Levies and fees.
In force
 8. Regulations and orders to be laid before Oireachtas.
In force
 9. Repeals.
In force
 10. Expenses incurred by the Minister.
Part II Supervision of Insurers (ss. 11-36)
In force
 11. Submission and publication of returns and documents by insurers.
In force
 12. Regulations regarding reserves liabilities, valuation of assets, reinsurance cessions and solvency certificates.
In force
 13. Keeping of records by undertakings.
In force
 14. Separation of assets and liabilities attributable to life assurance business.
In force
 15. Application of assets of undertaking transacting life assurance business.
In force
 16. General powers to require information.
In force
 17. Investigations.
In force
 18. Powers to intervene in cases of doubtful solvency.
In force
 19. Prior notice and display of policy terms and premium rates.
In force
 20. Qualifications, experience and fitness of directors, managers and authorised agents of insurers.
In force
 20A. Qualifications, experience and fitness of persons concerned in management of applicants for authorisations.
In force
 20B. Provisions supplementary to sections 20 and 20A.
In force
 21. Revocation of authorisation where no business is being done.
In force
 22. Reinsurance.
In force
 22A. Persons not to carry on certain reinsurance business without authorisation.
In force
 23. Minimum share capital requirements.
In force
 24. Power to attach conditions to authorisations.
In force
 25. Industrial assurance business.
In force
 26. Insurance of unnamed persons.
In force
 27. Application of Act of 1978.
In force
 28. Amendment of Friendly Societies Act, 1896.
In force
 29. Application of exemptions in the 1976 and 1984 Regulations on life and non-life insurance.
In force
 30. Winding up of insurers.
Repealed
 31. Insurance Compensation Fund.
Repealed
 32. Preferential payments of debts out of technical reserves of undertaking.
Deleted
 33. Administrator's power of sale.
In force
 34. Appointment, duty and qualifications of actuary.
In force
 35. Duties of auditor.
In force
 36. Powers of Court with respect to amalgamation or transfer of insurance business.
Part III Payment of Commissions by Insurers (ss. 37-43)
In force
 37. Power of Bank to require reduction in commissions.
In force
 38. Payment of certain commissions may be prohibited.
In force
 39. Revocation of authorisation.
In force
 40. Restriction on advertising.
In force
 41. Offences committed by intermediaries.
In force
 42. Certain policies of life assurance voidable.
In force
 43. Furnishing of information to the Minister.
Part IIIA Provision of Information (ss. 43A-43G)
In force
 43A. Interpretation.
In force
 43B. Provision of information pursuant to Directive (life assurance).
In force
 43C. Language of information.
In force
 43D. Further information to be provided (life assurance and non-life insurance).
In force
 43E. Regulations (life assurance).
In force
 43F. Regulations (non-life insurance).
In force
 43FF. Obligations (information to certain trustees).
In force
 43G. Offences.
Part IV Regulation of Insurance Intermediaries (ss. 44-57)
Repealed
 44. Brokers' qualifications.
Repealed
 45. Intermediaries' indemnity insurance.
Repealed
 46. Insurance intermediaries appointment and commission payments.
Partially repealed
 47. Insurance bond required by intermediary.
Repealed
 48. Keeping of separate bank accounts.
Repealed
 49. Insurance agents' qualifications.
Repealed
 50. Register of insurance intermediaries.
Repealed
 51. Provisions regarding scope of agency.
Repealed
 52. Acceptance by intermediary of insurance proposals.
Repealed
 53. Treatment of premiums paid to intermediaries.
Repealed
 54. Restriction on intermediaries convicted of offence.
Repealed
 55. Disqualification of certain persons from acting as intermediaries.
Repealed
 56. Codes of conduct.
Repealed
 57. Scope of Part IV.
Part V Miscellaneous (ss. 58-61)
In force
 58. Appeal against suspension or revocation of authorisation.
Repealed
 59. Appointment of authorised officers.
Repealed
 60. Powers of authorised officers.
In force
 61. Codes of conduct on duty of disclosure and warranties.
In force
 62. Power of assurance company to hold shares in holding company.
In force
 First Schedule Enactments Repealed
In force
 Second Schedule Increase of Penalties
In force
 Third Schedule Annex II Information for Policyholders
Next