Results 25,941-25,960 of 27,945 for speaker:Michael McGrath

Insurance (Amendment) Bill 2011 [Seanad]: Committee and Remaining Stages (28 Sep 2011)

Michael McGrath: Yes.

Insurance (Amendment) Bill 2011 [Seanad]: Committee and Remaining Stages (28 Sep 2011)

Michael McGrath: I want to raise a question with regard to section 2 but perhaps the Ceann Comhairle wishes to dispose of the other matter being discussed.

Insurance (Amendment) Bill 2011 [Seanad]: Committee and Remaining Stages (28 Sep 2011)

Michael McGrath: 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...

Insurance (Amendment) Bill 2011 [Seanad]: Committee and Remaining Stages (28 Sep 2011)

Michael McGrath: Are business insurance policies excluded?

Insurance (Amendment) Bill 2011 [Seanad]: Committee and Remaining Stages (28 Sep 2011)

Michael McGrath: Then all types of policies they have are included, such as employer liability, professional indemnity-----

Insurance (Amendment) Bill 2011 [Seanad]: Committee and Remaining Stages (28 Sep 2011)

Michael McGrath: Even in respect of property? I am looking at the exclusions in the legislation.

Insurance (Amendment) Bill 2011 [Seanad]: Committee and Remaining Stages (28 Sep 2011)

Michael McGrath: Business property is excluded.

Insurance (Amendment) Bill 2011 [Seanad]: Committee and Remaining Stages (28 Sep 2011)

Michael McGrath: So all business policies are excluded.

Insurance (Amendment) Bill 2011 [Seanad]: Committee and Remaining Stages (28 Sep 2011)

Michael McGrath: I thank the Minister.

Insurance (Amendment) Bill 2011 [Seanad]: Committee and Remaining Stages (28 Sep 2011)

Michael McGrath: I ask about the mechanics of how the levy will be implemented. I note under this section that the Central Bank determines the levy to be placed on insurers and notifies them of same. When is it intended this levy will take effect and what will be the relevant valuation date and payment date? Will it come into force in 2012? Any details the Minister can provide would be helpful. The levy...

Insurance (Amendment) Bill 2011 [Seanad]: Committee and Remaining Stages (28 Sep 2011)

Michael McGrath: Has the Minister had discussions with the industry and has the industry confirmed it will be levying policyholders?

Insurance (Amendment) Bill 2011 [Seanad]: Committee and Remaining Stages (28 Sep 2011)

Michael McGrath: Have the companies confirmed that the levy will be passed on? The levy is on the companies and they will absorb it.

Insurance (Amendment) Bill 2011 [Seanad]: Committee and Remaining Stages (28 Sep 2011)

Michael McGrath: Yes, but it is not a requirement of the law that the insurance companies pass it on to the policyholder.

Insurance (Amendment) Bill 2011 [Seanad]: Committee and Remaining Stages (28 Sep 2011)

Michael McGrath: I know that but they do not have to do it legally.

Insurance (Amendment) Bill 2011 [Seanad]: Committee and Remaining Stages (28 Sep 2011)

Michael McGrath: Can the Minister clarify his intentions as to the exclusion of health insurance policies from the levy? I raised this issue during the debate on Second Stage. The Minister indicated that health insurance policies will be excluded from the levy for the moment but that the matter may be subject to review. When does the Minister intend to review this exclusion and what impact would the...

Insurance (Amendment) Bill 2011 [Seanad]: Committee and Remaining Stages (28 Sep 2011)

Michael McGrath: I asked about tail risk.

Written Answers — Literacy Levels: Literacy Levels (27 Sep 2011)

Michael McGrath: Question 57: To ask the Minister for Children and Youth Affairs her plans for implementing the new literacy and numeracy strategy as it applies to the preschool and early education sector; and if she will make a statement on the matter. [26061/11]

Written Answers — Ministerial Staff: Ministerial Staff (27 Sep 2011)

Michael McGrath: Question 82: To ask the Taoiseach the names and salaries of every special adviser appointed by him and the Minister of State in his Department since 9 March 2011; and if he will give the same details for any other advisers appointed. [26150/11]

Written Answers — Financial Services Regulation: Financial Services Regulation (27 Sep 2011)

Michael McGrath: Question 98: To ask the Minister for Finance if he will provide a list of financial institutions covered by the Central Bank's consumer protection code. [25659/11]

Written Answers — Bank Guarantee Scheme: Bank Guarantee Scheme (27 Sep 2011)

Michael McGrath: Question 119: To ask the Minister for Finance if he will provide details on the average value of a mortgage issued by the covered institutions in the Dublin region for each of the years 2007, 2008, 2009, 2010 and to date in 2011. [26021/11]