Michael McGrath (Cork South Central, Fianna Fail)

I have a question on section 2 which relates to the move to apply the levy to risks in the State as opposed to the previous regime whereby Irish authorised insurers were levied in respect of risks inside or outside the State. Will the Minister clarify whether in a case where an insurance policy contains risks inside and outside the State the company must do a pro rata calculation and submit this information as part of its calculation to Revenue or how will it work?

With regard to the definition of risks in the State and exclusions, will the Minister clarify the impact on the various insurance policies that businesses have in respect of property, employers liability and professional indemnity? Which of these are included?

See this speech in context