§ Mr. Carter
asked the Secretary of State for Trade and Industry if he is satisfied that the records and accounts of all motor insurance companies are in such a condition that should any of them go into liquidation policyholders can obtain verification to their entitlement and qualification to a no-claims bonus; and if he will make a statement.
§ Mr. Ridley:
The Insurance Companies Acts do not give me power to regulate policy conditions, such as those dealing with entitlement to a no-claims bonus. I do not therefore possess information about the records of no-claims bonuses kept by motor insurance companies.