§ Mr. A. WILLIAMSasked the President of the Board of Trade whether it is proposed to hold an inquiry into the subject of industrial life assurance; whether such inquiry will be public; whether the terms of reference will be wide enough to include the remuneration and conditions of service of agents and collectors; and whether the agents and collectors will be directly represented on the Committee of Inquiry by persons selected by their own provisional executive council?
§ Sir A. GEDDESIt is proposed to set up a Departmental Committee, with the following terms of reference
631WTo inquire into the business carried on by industrial assurance companies and collecting. societies exclusive of the issue of life assurance policies involving the payment of sums exceeding.£50 on the death of the assured and of insurance business under the National Health Insurance Act, and to report whether any amendment of the law is desirable.Whether the inquiry will be open to the public is a matter for the Committee to decide. I will circulate a list of the members of the Committee with the reply to the question addressed to the Prime Minister to-day by the Noble and gallant Lord the Member for Horsham and Worthing.
§ Major Earl WINTERTONasked the Prime Minister if he can now make an announcement as to the composition and terms of reference of the proposed Committee on industrial insurance?
§ Sir A. GEDDESI have been asked to reply to this question.
The composition of the Committee will be as follows:
The Right Hon. Lord Parmoor, K.C.V.O., K.C. (Chairman),
W. T. Carr, Esq., M.P.,
H. S Cautley, Esq., M.P.,
Major Evan Hayward, M.P.,
The Right Hon. John Hodge, M.P., together with
H. A. Payne, Esq., C.B. (Comptroller of Companies Department, Board of Trade),
G. Stuart Robertson, Esq. (Chief Registrar of Friendly Societies), and
Sir Alfred W. Watson (Chief Actuary to the National Health Insurance Joint Committee).
The terms of reference will be:
To inquire into the business carried on by industrial assurance companies and collecting societies exclusive of the issue of life assurance policies involving the payment of sums exceeding£50 on the death of the assured and of insurance business under the National Health Insurance Act, and to report whether any amendment of the law is desirable.