PMPA policyholders and insurance levy
Taylor asked whether rising policyholder numbers reflected a levy supporting PMPA and how long its administration would continue. Collins clarified his figures covered the industry generally, declined to disclose PMPA’s portfolio, and said PMPA faces the same levy as other insurers; the duration question was not answered.
Arising out of the Minister's reply to the effect that the number of policyholders in the PMPA increased in 1983 and was expected to increased again in 1984, does the Minister know the reason for that? Could it be attributed to the fact that motor policyholders in all companies bar the PMPA are subsidising the PMPA through the imposed levy? That being so, would the Minister indicate whether the administration system at present pertaining to the PMPA is likely to continue for an indefinite number of years, or for any particular period?
Comment on this
It arises out of the Minister's reply that the number of policyholders was increasing.
Comment on this
This is clearly raising another matter, of whether the present arrangements with the PMPA will continue indefinitely.
Comment on this
May I correct the statement made by Deputy Taylor? I did not specify the PMPA in my answer. I said that the number of policyholders generally had increased over 1982 and was expected to increase in 1984.
Comment on this
Oh, I see. In that case, what is the position in the PMPA, so far as the policyholders whom they cover are concerned?
Comment on this
I should not like to indicate any company's portfolio of policyholders. I think that would be most unfair.
Comment on this
May I add, for the Deputy's information, that the PMPA are, in fact, subject to the same levy as all other insurance companies.