§ Mr. Deakinsasked the Secretary of State for Trade and Industry what is the policy of Her Majesty's Government towards EEC draft instrument R/3247/73 of 19th December 1973 relating to life insurance.
§ Sir G. HoweThis directive sets out the conditions under which insurers will be able to establish themselves freely to conduct life assurance business by way of branches throughout the EEC. It takes into account the actuarial system of control practised in this country. Her Majesty's Government, like our insurance industry, is generally favourable towards its intentions although some matters will need to be discussed by ourselves and other member States before a final version is adopted by the Council of Ministers.