§ Sir H. ELVERSTONasked the President of the Board of Trade if he will state the names of the underwriters at Lloyd's who are entitled to transact employers' liability insurance by depositing securities with the committee of Lloyd's in compliance with the requirements of the Board of Trade under the Eighth Schedule (D) of the Assurance Companies Act, 1909?
§ Sir H. ELVERSTONasked the President of the Board of Trade if he will say what is the amount of the deposits, if any, furnished in accordance with the Eighth Schedule (B) and (C), 2 (3), of the Assurance Companies Act, 1909, by Lloyd's underwriters as security for the due fulfilment of their fire and accident insurance contracts; the amount of the security furnished in the form of guarantees; whether any of the guarantees which may be furnished as an alternative to a deposit are given by persons who are not member of Lloyd's Underwriters' Association; and, if so, to what extent?
Mr. ROBERTSThe amount of the deposits furnished in accordance with Schedule 8 (B) and (C) 2 (b) of the Assurance Companies Act, 1909, by Lloyd's underwriters as security for claims in connection with fire, accident and other non-marine business is £324,200. The amount of the security furnished in accordance with the provisions referred to in the form of guarantees is £4,528,500, none of which has been furnished by guarantors who are not members of Lloyd's.
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§ Sir H. ELVERSTONasked the President of the Board of Trade how many Lloyd's underwriters have complied with the requirements laid down in Schedule 8, paragraphs (B) and (C) (1) (b) of the Assurance Companies Act as regards the furnishing to the Board of Trade of a statement showing the extent and character of the business effected by them; and how many Lloyd's underwriters, in lieu of complying with paragraph (D) (1) (a) and (b), have elected to comply with paragraphs (B) and (C) (2) of the Schedule and supply to the Board of Trade an auditor's certificate in lieu of a full statement showing the extent and character of the business transacted?
Mr. ROBERTSNo Lloyd's underwriters have furnished the Board of Trade with a statement showing the extent and character of the business effected by them in accordance with Schedule 8 (B) and (C) 1 (b) of the Assurance Companies Act, 1909. Five hundred and seventy-five Lloyd's underwriters elected to comply with the alternatve requirements contained in Schedule 8 (B) and (C) 2, and furnished the Board with auditors' certificates.