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Insurance Act, 1989 (No. 3)Introductory TextActs Referred toPart I Preliminary and General (ss. 1-10)1. Short title, collective citation, construction and commencement.2. Interpretation.3. Offences and penalties.4. Service of documents.5. Power to make regulations.6. Orders.7. Levies and fees.8. Regulations and orders to be laid before Oireachtas.9. Repeals.10. Expenses incurred by the Minister.Part II Supervision of Insurers (ss. 11-36)11. Submission and publication of returns and documents by insurers.12. Regulations regarding reserves liabilities, valuation of assets, reinsurance cessions and solvency certificates.13. Keeping of records by undertakings.14. Separation of assets and liabilities attributable to life assurance business.15. Application of assets of undertaking transacting life assurance business.16. General powers to require information.17. Investigations.18. Powers to intervene in cases of doubtful solvency.19. Prior notice and display of policy terms and premium rates.20. Qualifications, experience and fitness of directors, managers and authorised agents of insurers.20A. Qualifications, experience and fitness of persons concerned in management of applicants for authorisations.20B. Provisions supplementary to sections 20 and 20A.21. Revocation of authorisation where no business is being done.22. Reinsurance.22A. Persons not to carry on certain reinsurance business without authorisation.23. Minimum share capital requirements.24. Power to attach conditions to authorisations.25. Industrial assurance business.26. Insurance of unnamed persons.27. Application of Act of 1978.28. Amendment of Friendly Societies Act, 1896.29. Application of exemptions in the 1976 and 1984 Regulations on life and non-life insurance.30. Winding up of insurers.31. Insurance Compensation Fund.32. Preferential payments of debts out of technical reserves of undertaking.33. Administrator's power of sale.34. Appointment, duty and qualifications of actuary.35. Duties of auditor.36. Powers of Court with respect to amalgamation or transfer of insurance business.Part III Payment of Commissions by Insurers (ss. 37-43)37. Power of Bank to require reduction in commissions.38. Payment of certain commissions may be prohibited.39. Revocation of authorisation.40. Restriction on advertising.41. Offences committed by intermediaries.42. Certain policies of life assurance voidable.43. Furnishing of information to the Minister.Part IIIA Provision of Information (ss. 43A-43G)43A. Interpretation.43B. Provision of information pursuant to Directive (life assurance).43C. Language of information.43D. Further information to be provided (life assurance and non-life insurance).43E. Regulations (life assurance).43F. Regulations (non-life insurance).43FF. Obligations (information to certain trustees).43G. Offences.Part IV Regulation of Insurance Intermediaries (ss. 44-57)44. Brokers' qualifications.45. Intermediaries' indemnity insurance.46. Insurance intermediaries appointment and commission payments.47. Insurance bond required by intermediary.48. Keeping of separate bank accounts.49. Insurance agents' qualifications.50. Register of insurance intermediaries.51. Provisions regarding scope of agency.52. Acceptance by intermediary of insurance proposals.53. Treatment of premiums paid to intermediaries.54. Restriction on intermediaries convicted of offence.55. Disqualification of certain persons from acting as intermediaries.56. Codes of conduct.57. Scope of Part IV.Part V Miscellaneous (ss. 58-61)58. Appeal against suspension or revocation of authorisation.59. Appointment of authorised officers.60. Powers of authorised officers.61. Codes of conduct on duty of disclosure and warranties.62. Power of assurance company to hold shares in holding company.First Schedule Enactments RepealedSecond Schedule Increase of PenaltiesThird Schedule Annex II Information for Policyholders
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Part III Payment of Commissions by Insurers (ss. 37-43)

37. Power of Bank to require reduction in commissions.
38. Payment of certain commissions may be prohibited.
39. Revocation of authorisation.
40. Restriction on advertising.
41. Offences committed by intermediaries.
42. Certain policies of life assurance voidable.
43. Furnishing of information to the Minister.
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