§ Mr. Carterasked the Secretary of State for Trade and Industry how many motor insurance companies failed to file with the appropriate authority their annual accounts in the years 1969, 1970 and 175W 1971; how many are still outstanding; and if he will list them by name in the OFFICIAL REPORT.
§ Mr. RidleyIn 1969 and 1970 no motor insurance companies failed to deposit the accounts required under the Insurance Companies Acts. In 1971 one company—Australia and International Insurances Ltd.—failed to supply accounts due on 31st December, 1971. We are pressing this company about this matter.
§ Mr. Carterasked the Secretary of State for Trade and Industry if he is satisfied that all current motor insurance policyholders are in no immediate danger of losing their cover as a result of insolvency of their insurers; and if he will make a statement.
§ Mr. RidleyIt is not our practice to comment on the solvency of insurers except when action has been taken under the Insurance Companies Acts of a kind which has to be published.