HL Deb 23 July 1973 vol 344 c1601

[No. 59]

Clause 49, page 37, line 15, at end insert— 'contract of insurance includes a contract to pay an annuity on human life".


My Lords, I beg to move that this House doth agree with the Commons in their Amendment No. 59. This is a purely clarificatory Amendment. References have been made —for example, in Clauses 41(5) and 42(1)(a)—to contracts of insurance with the intention of covering all such contracts. Doubt might be raised because in the 1967 Act, Section 59(6)(a), which defines ordinary long term insurance, separate references were made to "contracts of insurance on human life" and to "contracts to pay annuities on human life".

Moved, That this House doth agree with the Commons in the said Amendment.—(The Earl of Limerick.)