asked the Minister for Industry and Commerce if he will give details of employers' liability insurance for 1957 in the form of a reply of 6th June, 1961.
Written Answers. - Employers' Liability Insurance.
58.
The particulars requested by the Deputy are set out in the following table.
EMPLOYERS' LIABILITY INSURANCE
(Business in Ireland)
1957
|
(a) Irish Companies |
(b) Non-Irish Companies |
|||||
|
Amount |
Expressed per £ of Premium Income |
Amount |
Expressed per £ of Premium Income |
|||
|
£ |
s. |
d. |
£ |
s. |
d. |
|
|
(1) Expenses of Management |
129,408 |
4 |
7 |
399,340 |
5 |
8 |
|
(2) Commission |
35,972 |
1 |
3 |
106,717 |
1 |
6 |
|
(3) Medical and Legal Expences (assumed at 5% of premium income) |
28,446 |
1 |
0 |
71,059 |
1 |
0 |
|
(4) Administrative expenses (1) & (2) & (3) |
193,826 |
6 |
10 |
577,116 |
8 |
2 |
|
(5) Transfers to (+), or from (-): |
||||||
|
Unexpired Risks Reserve |
-13,136 |
-(0 |
5) |
-47,169 |
-(0 |
8) |
|
Additional Reserve |
+1,702 |
— |
||||
|
(6) Underwriting Profit |
97,140 |
3 |
5 |
165,892 |
2 |
4 |
|
(7) Claims (including increase in estimated liability for outstanding claims) |
289,399 |
10 |
2 |
725,355 |
10 |
2 |
|
(8) Premium Income |
568,931 |
— |
1,421,194 |
— |