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PMPA operated only as a Motor Insurer up to 1974 and in the space of the previous seven years had grown into the largest motor insurer in the Republic of Ireland. At the same time, the company became increasingly subject to attack on the question of the adequacy of reserves set aside to meet claims liabilities. The case has been used as a means of instructing students on the regulatory procedures affecting insurance companies and as a focus for discussion of many accounting issues arising out of the case content. The case should be used in conjunction with A Note on Regulation of and Accounting for Non-Life Insurance Business in Ireland.