Oireachtas Joint and Select Committees

Thursday, 8 March 2018

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

General Scheme of the Insurance (Amendment) Bill 2017: Discussion (Resumed)

9:30 am

Photo of Kieran O'DonnellKieran O'Donnell (Fine Gael) | Oireachtas source

I want to look at it in the round. There is a deficit of €870 million and 2% per annum indefinitely. The Motor Insurance Bureau of Ireland levy is 2% to deal with the 35% coming out of the Setanta judgment. If a company is licensed in Malta and operating in the Irish market, will it be levied with the 2% as it is and will it be levied with the new 2% from the MIBI?

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