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Protection for insurance policy holders

Energy solutions: public encouraged to use solar panels (File photograph)

Legislation to protect those with insurance policies and boost solar energy adoption were approved in the House on Friday.

The Insurance Amendment (Number 2) Act and the Electricity Amendment Act both garnered support from both sides of the House.

David Burt, the Premier, said the Insurance Amendment Act would ensure those who hold insurance policies are given priority in the event that an insurance company is wound up.

Mr Burt said: “This will protect policy holders by giving them higher priority in the winding up of an insurer.”

Jeanne Atherden, Opposition leader, said the One Bermuda Alliance supported the amendments because they would help to protect members of the public and give them greater confidence that their interests were protected.

The Electricity Amendment Act meanwhile reopened the door for those with solar panels to sell their excess electricity, putting it back into the grid.

Walter Roban, the Deputy Premier, said a 2016 Amendment meant that contracts to put energy into the grid could only be put in place if they were consistent with the Integrated Resource Plan.

But he said the IRP was still going through the consultation process and Belco had taken the legal position it could not sign additional contracts until it was in place.

Mr Roban said the amendments would allow contracts to be signed before the IRP was in place.

He added that both Belco and the Regulatory Authority had been consulted about the amendments.