Saturday February 22, 2020

Structure of Quinn levy proves tricky

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.

25th June, 2011

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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