HC Deb 12 June 1972 vol 838 c233W
Mr. Carter

asked the Secretary of State for Trade and Industry by how much motor car insurance policies have risen in cost over the past year.

Mr. Noble

Between March, 1971, and March, 1972, the average motor insurance premium for a family type saloon car is estimated by the Department of Employment to have increased by about 25 to 30 per cent.

Mr. Carter

asked the Secretary of State for Trade and Industry if he is in possession of the latest annual accounts of all motor insurance companies; and if he will name the companies in default.

Mr. Noble

Under the Insurance Companies Acts accounts have to be deposited within six months of the close of the accounting period, unless an extension is granted by the Department. At present only one motor insurance company has not met this requirement, and the Department is in touch with it. The company concerned is the Queens land Insurance Co. Ltd., an Australian company whose motor insurance business in the United Kingdom is very small.