§ Mr. Parkerasked the President of the Board of Trade why instructions were issued to insurance companies that no renewal notices need be issued in connection with policies under Part II of the War Risks Insurance Act, 1939; if he is aware that considerable inconvenience has resulted to policy-holders; and whether prompt reminders will in future be sent out in such cases when payments are due?
Major Lloyd GeorgeMost of the policies under the commodity insurance scheme are issued for a period of one month only. Each such policy has attached to it a reminder slip printed in red drawing attention to the expiry of the policy at the end of the month, and is accompanied by a form of application for a new policy. Where three monthly adjustable policies are taken out, the Board's agents are in regular touch with the insured by means of the weekly declarations of value. In these circumstances, the issue of further renewal notices becomes unnecessary, and would involve labour and expense disproportionate to the result.