§ INTERMEDIARIES IN INSURANCE TRANSACTIONS
§ The Lords have disagreed to the following Amendments made by the Commons:
§ In page 33, line 17, leave out "this section" and insert "subsection (1) above".
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§
In page 33, line 18, at end insert:—
(2A) Where a person in the course of carrying on any business or profession issues any such invitation as is mentioned in subsection (1)(a) above in relation to an insurance company which is not an authorised insurer in respect of the contract in question he shall, when issuing the invitation, inform the person to whom it is issued that the company is not such an insurer as aforesaid.
§ In this subsection 'authorised insurer', in relation to a contract of any description, means a person entitled to carry on in Great Britain insurance business of a class comprising the effecting of contracts of that description."
§
In page 33, line 19, leave out "this section" and insert:—
subsection (1) above or who contravenes subsection (2A) above'
§ but propose the following Amendment in lieu thereof:
§
In page 33, line 16, at end insert:—
(IA) Regulations may be made for requiring any person who, in the course of carrying on any business or profession, issues any such invitation as is mentioned in subsection (1)(a) above in relation to an insurance company which is not an authorised insurer in respect of the contract in question to inform the person to whom the invitation is issued that the company is not such an insurer as aforesaid.
§ In this subsection "authorised insurer", in relation to a contract of any description, means a person entitled to carry on in Great Britain insurance business of a class comprising the effecting of contracts of that description"
§ 7.15 p.m.
§ The Under-Secretary of State for Trade and Industry (Mr. Anthony Grant)I beg to move, That this House doth agree to the amendment made by the Lords in lieu of the amendment made by this House to which the Lords have disagreed.
This is just to rectify a drafting error made on Report but shrewdly spotted by my hon. Friend the Member for Pembroke (Mr. Nicholas Edwards). It fulfils an undertaking which I gave to him in Committee.
§ Mr. Nicholas Edwards (Pembroke)I should like to express my gratitude to my hon. Friend for finding a way, even at this late stage, to put right an error at an earlier stage.
§ Question put and agreed to.
§ Subsequent Lords Amendment agreed to.