Séamus Kirk (Louth, Ceann Comhairle)

I will call on the Deputies who tabled questions to the Minister for Finance in the order in which they submitted their questions to my office.

Deputy Michael Noonan asked the Minister for Finance if, in view of the statement made by the Financial Regulator that if a shortfall emerges in the Quinn Insurance group, all policy holders in the State will be subject to a financial levy; the steps he intends taking to protect policy holders both within and outside the Quinn Group; and if he will make a statement on the matter.

Deputy Caoimhghín Ó Caoláin asked the Minister for Finance if he is monitoring the implications for employment of the appointment of administrators to the Quinn Group; and if he will make a statement on the matter.

Deputy Richard Bruton asked the Minister for Finance the circumstances which led to the appointment of an administrator at Quinn Insurance; the implications of this move for those insured by the company, the taxpayer and for the general insured population; and if specific measures are being initiated by the Government to correct any weaknesses in existing regulatory legislation and/or to protect the public.

Deputy Joan Burton asked the Minister for Finance to outline the circumstances leading to the decision of the Financial Regulator to apply for the appointment of administrators to two firms within the Quinn Insurance group; when the investigation to be carried out by the Financial Regulator into Quinn Insurance will be completed; what steps are being taken to ensure the continued validity of policies held with the two companies; if he will ensure that the protection of jobs will be given priority in terms of any future development in regard to the company; and if he will make a statement on the matter.

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