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EU Commission issues notice to Gov about VHI

mike65 · 2007-01-24 22:24:50

About time. They can't run with the hare and hunt with the hound. Mike.

24-01-2007 10:24pm

#1

mike65

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Posts: 84057

About time.

BRUSSELS (AFX) - The European Commission said it has sent Ireland a letter of formal notice, the first stage in legal proceedings, requesting its observations on the exemption of the Irish Voluntary Health Insurance Board (VHI) from certain EU rules on non-life insurance.

The commission said it has received a complaint alleging that the VHI is active in the insurance market unlawfully, as it is not subject to the EU's first non-life insurance directive.

Ireland now has a month to reply to the commission's letter, after which the commission can either close the case, or, if the response is unsatisfactory, issue a 'reasoned opinion', formally calling on the Irish government to amend the relevant legislation.

They can't run with the hare and hunt with the hound.

Mike.

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