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Business As Usual in Republic of Ireland
We want you to know that it is business as usual for our team at QUINN direct. We know you may have a few questions. Please go to our Questions and Answers below to find out more.
Key Messages:
The Financial Regulator has confirmed that:
"Irish policyholders of Quinn Insurance Limited (Under Administration) (“Quinn Insurance”) can continue to renew policies, carry out new business and make claims in the normal way."
Therefore it is business as usual.
Q&A:
- Am I still covered/ is my policy still valid?
It is business as usual. We are renewing policies, issuing quotations for new business and processing claims as normal.
- Should I continue to pay my premiums to Quinn Insurance?
In order to continue cover you need to continue to make premium payments to Quinn Insurance.
- Can I make a claim?
It is business as usual and we are processing claims as normal.
- I have a claim outstanding with Quinn Insurance. Will it be paid?
It is business as usual and claims will be handled in the usual manner.
- Will there be an increase or decrease in prices?
Presently, we have no plans to make any changes to our current prices.
- Do the current special offers on multiple products still apply?
Yes.
- Are any of the benefits going to change?
Presently, we have no plans to make any changes to our benefits.
- I want to cancel my policy or lapse my policy, I can’t take the risk?
There is no risk, it is business as usual. We are renewing policies, issuing quotations for new business and arranging payment of claims as per normal. If Customers still want to cancel current procedures should be followed.
- I am due to renew in April and want my money back?
There is no need to cancel. It is business as usual. We are renewing policies, issuing quotations for new business and arranging payment of claims as per normal. If Customers still do not want to renew, current procedures should be followed.
- What are Quinn Insurance plans for the future?
QUINN-Insurance has resumed writing motor insurance cover in the United Kingdom (including Northern Ireland). We will be working with the Irish Financial Regulator and the administrators to resolve all matters and to continue to operate as normal.
- Who are the Administrators that have been appointed?
The administrators are Paul McCann & Michael McAteer from Grant Thornton.
- Where can I get information on Quinn Insurance Limited / QUINN-Healthcare?
- i) Please feel free to contact us at any time.
- ii) Alternatively our website is: www.quinn-insurance.com
- iii) www.quinn-healthcare.com
- How do I contact the Financial Regulator?
Financial Regulator – www.financialregulator.ie
- Has a liquidator been appointed?
No. Administrators have been appointed and the company is continuing to carry out business in the normal way.
- Is the process similar to Administration under UK law?
No, unlike the UK Administration process under the UK Insolvency Act 1986, the Administration of this company under Irish Law (Insurance (No. 2) Act, 1983), is not an act of insolvency.
- What is an Administrator and what do they do?
The job of an Administrator is to take over the management of the business of Quinn Insurance with a view to running the business as a going concern for the purpose of placing it on a sound commercial and financial footing.
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