What insolvency protection arrangements do I need to put in place?

 

  • What insolvency protection arrangements do I need to put in place?
    • Travel only commencing in Ireland if I am a travel agent or tour operator

      As per Tour Operators and Travel Agents (Bonding)
      Regulations, 1983 and Transport (Tour Operators and Travel Agents) Act 1982. 

      This must be licensed.

    • Packages with travel commencing in Ireland

      An Irish established business can choose to cover this under their bond as per the 1982 Act above or they can choose to cover it under 22-25 of the Package Holidays and Travel Trade Act, 1995. Currently, the Commission is accepting full indemnity insurance as per option c of Section 23. This is until new bonding regulations are in place.  

    • Packages/LTAs for sale or sold in the EU (excluding packages commencing in Ireland)

      As per Section 22-25 of the Package Holidays and Travel Trade Act, 1995. Currently, the Commission is accepting full indemnity insurance as per option c of Section 23. This is until new bonding regulations are in place. 

 

 

 

 

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