Seanad debates
Thursday, 15 November 2007
Voluntary Health Insurance (Amendment) Bill 2007: Committee and Remaining Stages
11:00 am
Mary Harney (Dublin Mid West, Progressive Democrats)
Obviously the VHI has to build up its reserves. To be authorised it will have to meet the 40% requirement its competitors have to meet. The Financial Regulator will not authorise the VHI unless it puts aside approximately 40% of its premium income by way of a reserve fund. At the moment it has——-
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