Committee wants laws to stop insurers deducting Covid-19 supports from claims 

The Central Bank indicated this week it intends to bring in a ban on "loyalty penalties" for insurance customers in July of this year.

New insurance legislation must immediately deter insurers from deducting State supports, such as the Covid-19 supports, when paying out claims.

That’s the view of the Oireachtas Finance Committee which has published its views on the pre-legislative scrutiny of the Government’s new insurance bill.