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Insurance Act, 1964 (No. 18)Introductory TextActs Referred to1. Definitions.2. Insurance Compensation Fund.2A. Contributions to Fund by insurers (domestic) carrying on motor third party liability insurance in other Member States3. Payments out of Fund.3A. Application by liquidator of insolvent insurer.3B. Application where insurer in liquidation is insurer authorised in another Member State.3BA. Section 3 and Act of 20243C. Payments out of Fund where administrator appointed.3D. Motor Insurers Insolvency Compensation Fund.3E. Payments out of MIIC Fund.3F. Contributions to MIIC Fund.3G. Adjustment of percentage rate.3H. Failure to make contribution to MIIC Fund.3I. Offence of failing to make contribution to MIIC Fund.3J. Liability for acts, omissions, etc.3K. Circumstances in which Compensation Body or compensation body (other) to be creditor of relevant insurer.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 incurred by Minister.16. Short title, construction and collective citation.
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Version status: | Document consolidation status: Updated to reflect all known changes
Version date: 7 July 1964 - onwards

Introductory Text

Number 18 of 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: 

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