§ Mr. Clinton Davisasked the Secretary of State for Trade if he will investigate, under the Insurance Companies Act 1974, the situation affecting policy holders of the Underwriters' National Assurance Company; and if he will make a statement.
§ Mr. EyreNo. My Department is informed about the affairs of this American company which was closed to new business here in 1974. The company considers that a scheme of arrangement will be the best solution for United Kingdom policy-holders. My Department will be writing to them in the near future.