§ MR. FIELDTo ask the President of the Board of Trade whether he is aware that in the Dominion of Canada all insurance companies operate under strict Government supervision; and that the Finance Minister requested the head of the Insurance Department to prepare a special report showing in detail how the Government supervision of insurance companies is carried on; and whether he will make inquiries into this subject with a view to applying the Canadian principle to British insurance companies.
(Answered by Mr. Lloyd-George.) My attention has been directed to the facts referred to in the hon. Member's Question. The Life Insurance Act, 1870, already imposes upon insurance companies certain obligations in the interests of the insured, and as at present advised I am not disposed to make these obligations more stringent.