Written question asked by Lord Desai (Labour), in the House of Lords. It was due for an answer on Tuesday, 22 February 2005. It was answered by Lord McIntosh of Haringey (Labour) on Tuesday, 22 February 2005.

---

McIntosh of Haringey, Lord

Question

What powers they have, under the Insurance Companies Act 1982, or other legislation, to enable the Secretary of State to require assets of Names at Lloyd's, or Names whose Lloyd's liabilities have been reinsured into Equitas, to be placed in a trust if either Lloyd's or Equitas were unable to meet claims of policyholders when such claims have been upheld in the courts of the United States. [HL 1268].

---

Secondary information

Type

Written question

Reference

HL 1268; 669 c188WA

Session

2004-05

Subjects

Insurance companies Judgements Ministerial powers Lloyds of London Regulation Sequestration of assets USA Equitas