§ Mr. Oakesasked the President of the Board of Trade whether he will hold discussions with the British Insurance Association about the failure of the Fire Auto and Marine Insurance Company Limited and ask the Association to honour existing policies of motor insurance of that Company for a period of three months.
§ Mr. DarlingIt would not be reasonable to expect insurance companies to give free cover to policy holders of Fire Auto and Marine Insurance Company Limited for three months. These policy holders should take out fresh policies with other insurers immediately.
§ Mr. Oakesasked the President of the Board of Trade whether he will institute a full inquiry into the affairs of the Fire Auto and Marine Insurance Company Limited to establish why that company has made an application to be wound up; and if he will make a statement.
§ Mr. DarlingIf a winding up order is made, the Official Receiver will investigate the company's affairs. It is not88W therefore appropriate for me to institute a separate inquiry or to discuss the causes of the failure at this stage.