Alex White (Dublin South, Labour)
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Thank you, Mr. Cullinan. Is it agreed that the witnesses' opening statements be published on the committee's website? Agreed.

Every insurance policy in Ireland, apart from health insurance, now carries a 2% levy. This relates to a debt of €1.6 billion incurred by QIL, with the levy raising approximately €65 million per year. This is predicted to be spread over a ten to 15-year period. Every insurance policy holder listening to this debate wants to know what can be done to reduce the debt and the period for which the levy will be in place.