§ Mr. LEES SMITHasked what steps are being taken by the Insurance Commissioners to ensure that the separate sections of life insurance companies and societies shall properly fulfil the conditions of the Act with regard to absolute self-government?
§ Mr. MASTERMANThe precise method by which, in the case of life insurance companies which propose to form separate sections for working under the Act, the absolute control by the members of those sections is to be secured may differ in the case of different societies. The question is being discussed with the representatives of those companies which are applying for approval, and I have no doubt that a satisfactory arrangement will be reached in each case.
§ Mr. LEES SMITHHave the Regulations of the Insurance. Commissioners been laid before the friendly societies' representatives or the Advisory Committee?
§ Mr. MASTERMANI do not quite understand the meaning of the question. When a society applies for approval to the Commissioners, the Commissioners give approval to the society or not as they please, and they give approval subject to conditions laid down in the Act.