HC Deb 05 March 1930 vol 236 c460W

asked the Financial Secretary to the Treasury how many industrial policies were lapsed by the various insurance companies dealing in this class of policy in the nine years ending 1927; how many policies were lapsed in 1928; and what sums of money were returned by the insurance companies upon these policies?


I can only repeat the answer given on many previous occasions, and regret that the information is not available.


asked the Financial Secretary to the Treasury whether, in view of the fact that the Act under which holders of lapsed industrial insurance policies can claim a rebate upon premiums paid under the terms of the Industrial Assurance and Friendly Societies Act, 1927, expires in May of this year, he will take steps to continue the Act?


It is only in regard to certain lapsed policies of industrial insurance that the right to claim a surrender value expires on 10th May. Ample notice has been given of this provision, and I can see no reason for amending the Act as proposed.