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ARTICLE · 26 JUNE 2023

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On 7 June 2023, Insurance Ireland published details of a new Code of Practice for Underwriting Mortgage Protection Insurance for Cancer Survivors ("Code").

IrelandFinance and Banking
Matheson LLP
Matheson LLP
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1. Insurance Ireland Code of Practise for Underwriting Mortgage Protection Insurance for Cancer Survivors

On 7 June 2023, Insurance Ireland published details of a new Code of Practice for Underwriting Mortgage Protection Insurance for Cancer Survivors ("Code"). The Code is being introduced in light of discussions with the Irish Cancer Society regarding the lack of life cover available for cancer survivors in the context of securing a mortgage.

The Code

The Code represents the minimum requirements agreed which, according to the Code, goes beyond the existing regulatory requirements for insurers but notes that an individual insurance firm may decide to go further if it so chooses.

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