Oireachtas Joint and Select Committees
Thursday, 15 September 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Rising Cost of Motor Insurance: Discussion (Resumed)
Mr. Michael Horan:
All insurance company insolvencies since the establishment of the insurance compensation fund in 1964 have been dealt with by the insurance compensation fund. There is a 2% levy and this has a smoothing effect over time.
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