Maurice Cummins (Fine Gael)

In 1984, following the collapse of PMPA, the Government introduced a 2% levy on all insurance policies. I understand PMPA's debts were paid off in 1993, yet since then, we have continued to pay a 2% levy on all our insurance policies. Where does this money go? Has it been ring-fenced for some purpose? When will this 2% levy, which is another stealth tax, be abolished? I understand that in 2005, in excess of €76 million was collected from this 2% levy from all who pay insurance policies. Questions must be answered in this regard. Members need to know where this money has gone, whether it has been ring-fenced for any purpose and when will the levy be abolished.