§ 53. Mr. GODFREY LOCKER-LAMPSONasked whether the Registrar reports to the Insurance Commissioners cases in which actuarial accounts are sent in to him improperly audited; whether such irregularities have occurred; and whether, seeing that such irregularities must lead eventually to the detriment of insured persons, withdrawal of approval of a society has been made in any such case?
§ Mr. MASTERMANI do not know of any actuarial accounts requiring auditing. If the hon. Member's question refers to annual returns of registered societies relating to their private side which have not been properly audited, such returns are not reported by the Registrar to the Insurance Commissioners. The Registrar takes steps to see that such returns, which are occasionally received, secure a proper audit. The Insurance Commissioners are not in any way concerned with the auditing of accounts of societies on their private side, and a deficiency on that side could not detrimentally affect the benefits under the Act, as suggested by the hon. Member.