need help answering in full detail thanks

A country has one domestic reinsurance company that has written all types of business in its home country as well as a number of international reinsurers who provide reinsurance to the market. The domestic reinsurance company has petitioned the country's government to put a tariff on reinsurance premiums from overseas countries currently operating in the market to help it to compete and expand its business. They say that the more reinsurance premiums that are kept in the home market then the better for the economy. Discuss the advantages and disadvantages for the government if it follows this course of action