The government is encountering difficulties in coming up with a structure for the levy on insurance policies needed to raise the bulk of the €600 million required to meet the solvency requirements on Quinn Insurance.
The money is to come from the Insurance Compensation Fund, which has €30 million and will shortly get €10 million more on the completion of the PMPA administration.
However, Minister for Finance, Michael Noonan, told the Dáil that ‘‘particular difficulties...
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