§ [No. 45]
§ Clause 42, page 33, line 15, leave out from "to" to end of line 16 and insert "give the prescribed information with respect to his connection with the company to the person to whom the invitation is issued".
§ THE EARL OF LIMERICKMy Lords, I beg to move that this House doth agree with the Commons in their Amendment No. 45. The Amendment to subsection (1) was made after it had been pointed out that in many cases it might be difficult to identify an act which could be regarded as an invitation to enter into an insurance contract. In addition, some parties were in such frequent contact that a separate statement on each occasion might be an unnecessary burden. It seems sensible, therefore, to make the regulation-making power sufficiently flexible to permit the Secretary of State to prescribe the manner and the time or times when the information about the insurer/intermediary connections is to be given, so that the risk both of leaving loopholes and of requiring unnecessary repetition can be avoided. The rewording of subsection (1) achieves 1589 this. My Lords, I beg to move that this House doth agree with the Commons in their Amendment No. 45.
§ Moved, That this House doth agree with the Commons in the said Amendment.—(The Earl of Limerick.)