§ (1) Where a company carries on employers' liability insurance business this Act shall apply with respect to that business, subject to the following modifications:—
- (a) This Act shall not apply where the company is an association of employers which satisfies the Board of Trade that it is carrying on or is about to carry on business for the purpose of the mutual insurance of its members against liability to pay compensation or damages to workmen employed by them, either alone or in conjunction with insurance against any other risk incident to their trade or industry.
§ Mr. CHURCHILLmoved, in paragraph (a), after the word "business" ["business for the purpose of the mutual insurance"] and insert the words "wholly or mainly."
§ Amendment agreed to.
§ Clause, as amended, ordered to stand part of the Bill.
§ Clause 35 (Application to Bond Investment Companies) agreed to, with a drafting Amendment.