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Proceeding contribution from Stephen Phillips (Conservative) in the House of Commons on Tuesday, 6 March 2012. It occurred during Debate on bill on Consumer Insurance (Disclosure and Representations) Bill [HL].


Consumer Insurance (Disclosure and Representations) Bill [Lords]

My hon. Friend makes a valid point. The insurance industry has long been regulated and the ombudsman has long been able to make declarations, but there are circumstances in which one cannot go to the ombudsman—for example, if the financial value of the contract is too high. There are circumstances in which the ombudsman will not intervene—for example, if legal proceedings between the consumer and the insurance company or, if Lloyds, some other insurer, are already afoot. In addition, experience dictates that the financial ombudsman is not, for example, particularly au fait with some of the more obscure parts of insurance law with which the Bill grapples, such as those parts of common law that deal with basis clauses and the turning of representations into warranties when made the basis of the contract. I hear, then, what my hon. Friend the Member for Cardiff North (Jonathan Evans) says, but it is fair to say that the Bill is not only welcome but contains proposals that the Law Commission has properly considered and requires no review of the type that the new clause contemplates. For those reasons, the new clause is, in my respectful view, misconceived; and for those reasons, I am sure that the hon. Gentleman will not push it to a vote.


Secondary information

Type
Proceeding contribution
Reference
541 c774 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Disclosure of information Consumers Fees and charges Insurance companies Insurance
Legislation
Consumer Insurance (Disclosure and Representations) Bill (HL) 2010-12
Link
View this Proceeding contribution on www.publications.parliament.uk