§ 44. Sir B. PETO
asked the Financial Secretary to the Treasury whether he is aware that any industrial assurance company or society can refuse consent to the jurisdiction of the commissioner on a matter in dispute with regard to a policy of industrial assurance, and that in that case the insurers who cannot afford to take the matter to court are unable to obtain redress; and whether he proposes to amend the law so as to give protection in these cases?
§ Mr. HORE-BELISHA
Consent to the jurisdiction of the Commissioner is not required unless the amount in dispute exceeds £50 or the legality of the policy is questioned or fraud or misrepresentation is alleged. The Departmental Committee on Industrial Assurance recommended that these limitations should be removed and that recommendation will be taken into account in considering the Committee's report.