Written question asked by Lord Desai (Labour), in the House of Lords. It was due for an answer on Monday, 23 June 1997. It was answered by Lord Simon of Highbury (Labour) on Monday, 23 June 1997.
Simon of Highbury, Lord
- Question
- What steps they intend to take to prevent the dissipation or distancing of the personal funds of former Lloyd's Names who ceased to be members of Lloyd's with the benefit of Equitas reinsurance and who are now subject to regulation by the DTI under Part II of the Insurance Companies Act 1982, and whether other than by maintaining a record of the addresses of such Names they will now ascertain the nature and value of such funds in order to underwrite the contractual liability of such Names towards their policyholders. - Includes fact that I do not consider it necessary for the protection of policyholders for the Secretary of State to impose any further regulatory requirements upon, or take any further action against, former members of the Society.
Secondary information
- Type
- Written question
- Reference
- 580 c149WA
- Session
- 1997-98
- Subjects
- Consumers Liability Investment Insurance companies Personal income Ministerial powers Personal records Protection Lloyds of London Equitas
- Legislation
- Insurance Companies Act 1982
Librarians' tools
- Timestamp
- 2013-11-29 02:14:34 +0000
- URI
- http://data.parliament.uk/pimsdata/Hansard/PARLIAMENTARY_QUESTION_504530
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