Phil Hogan (Carlow-Kilkenny, Fine Gael)
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Question 197: To ask the Tánaiste and Minister for Enterprise, Trade and Employment the level of claims occurring from the collapse of a company (details supplied); the impact that these claims are having on jobs; if she will provide a portion of the insurance levy to compensate some of these claimants; and if she will make a statement on the matter. [4671/04]

Mary Harney (Dublin Mid West, Progressive Democrats)
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I no longer have responsibility for insurance undertakings. From 1 May 2003, the Irish Financial Services Regulatory Authority, IFSRA, is responsible for practically all of the financial services industry, including the registration and supervision of insurance undertakings and the services provided by them. I do not have the information that the Deputy is requesting in relation to the company to which the Deputy refers.

The levy that the Deputy refers to is a tax, stamp duty, and is levied on non-life insurance policies at the rate of 2% on an insurer's gross premium income in respect of risks located in Ireland. The proceeds of the levy go to the Exchequer and any review of this levy is therefore a matter for the Minister for Finance.