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ARTICLE · 20 JULY 2022

New Insurance Legislation Signed Into Law

Dillon Eustace
Dillon Eustace
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The Insurance (Miscellaneous Provisions) Bill 2022 ("the Bill") was signed into law by President Michael D. Higgins on 27 June 2022 as the Insurance (Miscellaneous Provisions) Act 2022 ("the Act").

IrelandInsurance
Peter Bredin
Peter Bredin
Rachel Turner
Rachel Turner
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The Insurance (Miscellaneous Provisions) Bill 2022 ("the Bill") was signed into law by President Michael D. Higgins on 27 June 2022 as the Insurance (Miscellaneous Provisions) Act 2022 ("the Act").

The majority of the Act, with the exception of Sections 7 and 8, took effect from 8 July 2022.

Below is an overview of the main changes introduced by the Act. For a more detailed overview of the Act, please see our previous briefing here which discussed the Bill. (The Act mirrors the Bill, with the exception of Section 8 of the Act, which contains a slightly amended definition of "claim" than was set out in the Bill).

Overview of the Act

The Act provides for amendments to the Central Bank (National Claims Information Database) Act 2018 ("the NCID Act"), the European Union (Insurance and Reinsurance) Regulations 2015 ("the Solvency II Regulations") and the Consumer Insurance Contracts Act 2019 ("CICA"). It also contains provisions seeking to target the practice

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