HC Deb 04 August 1919 vol 119 cc54-5W
Major HAYWARD

asked the President of the Board of Trade how many Lloyd's underwriters have complied with the requirements laid down in Schedule 8, paragraphs B and C (1) (b), of the Assurance Companies Act as regards the furnishing to the Board of Trade of a statement showing the extent and character of the business effected by them; and how many Lloyd's underwriters, in lieu of complying with paragraph B (1) (a) and (b), have elected to comply with paragraphs B and C (2) of the Schedule and supply to the Board of Trade an auditor's certificate in lieu of a full statement showing the extent and character of the business transacted?

Sir A. GEDDES

No Lloyd's underwriters have furnished the Board of Trade with a statement showing the extent and character of the business effected by them under Schedule 8 (b) and (c) 1 (b) In lieu of providing this statement, 637 underwriters elected to comply with the alternative requirements contained in Schedule 8 (b) and (c) 2, and furnished the Board with auditors' certificates.

Major HAYWARD

asked the President of the Board of Trade what is the amount of the deposits, if any, furnished in accordance with the Eighth Schedule, B and C (2), (3), of the Assurance Companies Act, 1909, by Lloyd's underwriters as security for the due fulfilment of their fire and accident insurance contracts; the amount of the security furnished in the form of guarantees; and whether any of the guarantees which may be furnished as an alternative to a deposit are given by persons who are not members of Lloyd's Underwriters' Association, and, if so, to what extent?

Sir A. GEDDES

The amount of the deposits furnished in accordance with Schedule 8 (b) and (c) 2 (6) by Lloyd's Underwriters as security for claims in connection with fires, accident, and other non-marine business is £562,000. The amount of the guarantees furnished is £8,811,000, none of which was given by guarantors who are not members of Lloyd's.

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