HC Deb 10 April 1912 vol 36 cc1274-5
Mr. BOOTH

asked the First Lord of the Admiralty how many marine insurance companies are on the approved list for underwriting Government risks; what is the date of the last addition to such list; whether amount of premium, income, strength of reserves, standing, and reputation of a company in the marine market are taken into account by the Admiralty in coming to a decision; would he say if any marine insurance companies not domiciled in London are on the approved list; and whether any memorandum has ever been issued stating the requirements to be complied with in order to obtain approval?

The PARLIAMENTARY SECRETARY to the ADMIRALTY (Dr. Macnamara)

There are twenty-nine marine insurance companies and corporations whose policies are accepted by the Admiralty. The latest addition to the list was made in 1906. The position of a company is fully considered in coming to a decision. All the companies on the Admiralty List have offices in London. No such memorandum as that referred to in the last part of the question has been issued.