§ 41. Mr. BURNETTasked the Minister of Transport whether he will take steps so to amend the regulations with regard to the insurance of motorists against third-party risks that insurance companies in a, state of insolvency are debarred from continuing to accept premiums?
§ Mr. HORE-BELISHAImmediately the court orders an insurance company to be wound up on grounds of insolvency, it becomes unlawful for the company to accept premiums. I have no power by regulation to alter the statutory provisions as to authorised insurers, but I would refer my hon. Friend to the answer given by my right hon. Friend, the President of the Board of Trade, on 19th February to the hon. Member for Westhoughton (Mr. Rhys Davies) of which I am sending him a copy.
§ Mr. THORNEDoes the hon. Member not think that the remedy for this defect is for the Government themselves to set up an insurance scheme?