Oireachtas Joint and Select Committees

Wednesday, 10 October 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Quinn Insurance and Insurance Compensation Fund: Discussion

2:30 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Given that these payments are funded by the 2% levy on home insurance, motor insurance and commercial insurance policies, which raises about €65 million per year, how long does Mr. Carrigan estimate the levy will continue in place? The Minister previously advised it would be in place for 11 or 12 years. What is the current estimate of how long we will have to live with this levy?

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