§ Mr. Carterasked the Secretary of State for Trade and Industry what steps he takes to verify the accuracy of audited accounts of motor insurance companies.
§ Mr. RidleyThe annual returns are carefully scrutinised, and inquiries are addressed to the companies concerned on doubtful points.
§ Mr. Carterasked the Secretary of State for Trade and Industry if he requires from insurance companies annual audited accounts; and how many companies at the present time are not complying with this obligation.
13W
§ Mr. RidleyYes; I am at present in touch with 20 companies which have not deposited accounts within the time allowed.
§ Mr. Carterasked the Secretary of State for Trade and Industry if he will publish those checks which he makes on insurance companies to determine whether or not they comply with the law; and how often he carries out such checks.
§ Mr. RidleyIt would be against the public interest to give details of the checks employed.
§ Mr. Carterasked the Secretary of State for Trade and Industry whether he is in receipt of sufficient information to determine the degree to which individual insurance companies are in compliance with the law.
§ Mr. RidleyThis matter is under consideration.