HC Deb 30 March 1910 vol 15 c1297

asked the President of the Board of Trade, whether, in view of the fact that the Assurance Companies Act of last year made no provision for dealing with lapsed policies in industrial insurance societies and companies, due to the inability of the holders to keep up their payments, he would cause inquiry to be made as to the amount of such lapsed premiums in the hands of the various societies and companies?


I am advised that it would not be practicable to obtain the information asked for without statutory powers, which the Board of Trade do not possess. I would, however, call attention to the fact that forfeiture cannot be incurred by any insured person except after due notice given in accordance with the provisions of Section 3 of the Collecting Societies and Industrial Assurance Companies Act, 1896.