§ MR. FIELD (Dublin, St. Patrick)To ask the President of the Board of Trade whether, in the interests of British policy holders in American insurances, he will communicate with the United States Government Insurance Department of State, as to the recent investigations in New York respecting American insurance companies, and give report of the same and also of the laws recently passed by the New York Insurance Department for the protection of policy holders; and whether he will consider the advisability of amending the Life Insurance Act of 1870.
(Answered by Mr. Lloyd-George.) As stated in my reply yesterday, a Committee of the House of Lords is now considering what steps should be taken to provide adequate security for British policy holders in America, and other assurance companies which have their chief office outside the United Kingdom, and I propose to bring the hon. Member's Question to the notice of that Committee.