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Tax Yield

Dáil Éireann Debate, Wednesday - 5 October 2011

Wednesday, 5 October 2011

Questions (38)

Peadar Tóibín


34 Deputy Peadar Tóibín asked the Minister for Finance if he will provide an accurate figure of the total number of non-life insurance policyholders to which the new insurance compensation fund levy of 2% will apply. [27664/11]

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Written answers (Question to Minister for Finance)

The information sought by the Deputy is not readily available within either my Department or the Central Bank. Based on information received from the Revenue Commissioners and the Irish Insurance Federation, however I have been able to establish that about 2.5 million policies were issued in 2010, including renewals of existing policies. While it is acknowledged that this figure does not represent the number of policyholders, as persons may hold multiple insurance policies (e.g. motor, home, health), it does give some general insight into the number of people to whom the levy will be applied.