Oireachtas Joint and Select Committees
Thursday, 8 February 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
General Scheme of the Insurance (Amendment) Bill: Discussion
10:00 am
Michael D'Arcy (Wexford, Fine Gael) | Oireachtas source
The ICF would pay in full and then recover from the industry over a period. To put this into context, there is about €22 million in the account at present. The ICF brings in about €75 million per annum. Over the period, that will be built up to €200 million, and then the percentage increases or decreases based upon the requirement.
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