ATTIC wants Bill before JSC 3 month deadline for Insurance Bill report

The current economic climate has however exposed some weaknesses in the original Bill as drafted and the opportunity should be taken to make the appropriate amendments.

It is our recommendation that the House of Representatives moves swiftly to have the Bill sent to a Joint Select Committee with a deadline of no more than three months for a report to be presented, the ATTIC release indicated.

ATTIC fully supports, the release continued, the expeditious passage of the Bill and Regulations, which in our opinion will protect the interests of policyholders, strengthen corporate governance, raise the standards of professionalism within the Industry and improve accountability.