§ Mr. DenhamTo ask the President of the Board of Trade what action he is taking to ensure that mortgage providers draw consumers' attention to sources of mortgage insurance other than that supplied by the said mortgage provider.
§ Mr. Ian Taylor[holding answer 8 December 1994]: I am not taking any such action; nor am I persuaded that it would be appropriate to do so. The protection which consumers need is to be told by any person who offers them insurance whether that person is an independent 514W intermediary or is offering only the products of a restricted range of insurers. Such disclosure is a requirement under the general insurance business code of practice of the Association of British Insurers.