Mary Upton (Dublin South Central, Labour)
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Question 61: To ask the Minister for Finance the estimated amount of stamp duty raised on premiums paid by motor insurance policyholders to date in 2006; and if he will make a statement on the matter. [39253/06]

Brian Cowen (Laois-Offaly, Fianna Fail)
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A 2% stamp duty is charged on most non-life insurance premiums and this is part of the normal stamp duty system. The exceptions are re-insurance, voluntary health insurance, marine, aviation and transit insurance and export credit insurance. This duty was introduced in 1982 and it yielded €90 million in 2006.

It is not possible to distinguish between the different types of insurance business within the yield from the non-life levy. The purpose of the non-life levy is to broaden the stamp duty base while maintaining low direct tax rates.

Joan Burton (Dublin West, Labour)
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Is the Minister satisfied that consumers have enough information about these charges on motor insurance policies? Has he had any contact with the Financial Regulator to increase public awareness in this regard? Is he satisfied that the way these charges are being implemented is correct and fair to consumers?

Brian Cowen (Laois-Offaly, Fianna Fail)
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I have had no complaints about these charges, nor has the Financial Regulator contacted me about them.