§ 52. Mr. LEONARDasked the President of the Board of Trade if he proposes to take steps to ensure that insurance companies accepting motoring risks are capable of meeting claims made upon them as representatives of citizens whom the law requires to be so insured?
§ The PARLIAMENTARY SECRETARY to the BOARD of TRADE (Dr. Burgin)It is obviously not possible to ensure solvency, but the Board of Trade have been given power by the Assurance Companies (Winding-up) Act, 1933, to take action to wind up an insurance company which they have reason to believe is insolvent. Further means for affording greater security to claims arising from injuries to third parties by motor vehicles are now being carefully considered.