No. 46 of 2003 - Personal Injuries Assessment Board Act, 2003
What does this Law do?
This Act provides for the establishment on a statutory basis of the Personal Injuries Assessment Board (PIAB). The PIAB will be charged with the making of assessments, without the need for legal proceedings to be brought, of compensation for personal injuries.The role of the PIAB will be confined to claims where legal issues are not disputed by the Respondent.
The PIAB will reduce the legal costs and other fees charged by experts involved in personal injuries claims, and reduce the amount of time it takes to finalise a compensation claim. Through the PIAB, straight forward claims can be settled out of Court, more quickly and with fewer costs to claimants, respondents and insurance companies. The PIAB will not decrease a persons right to compensation and will assess compensation at current levels.
Excessive litigation costs have contributed to the high cost of insurance in this country. By eliminating these excessive litigation costs in cases under its remit the PIAB will significantly reduce the cost of delivering compensation to the benefit of all consumers. The establishment of the PIAB is one of the central aspects of the Governments Insurance Reform Programme.
Contact Department: Department of Enterprise, Trade & Employment
Signed by the President on: 28.12.03