HC Deb 28 November 1972 vol 847 cc95-6W
Mr. Carter

asked the Secretary of State for Trade and Industry if he will extend the provisions of the Companies Acts as they apply to motor insurance to companies which offer financial services to certain drivers who lose their licences after conviction for driving offences.

Mr. Peter Walker

Companies such as those referred to in the Question do not undertake contractual obligations. It would therefore be inappropriate to bring them within the scope of insurance legislation. These companies are, of course, subject to the general requirements of the Companies Acts and to the Trade Descriptions Act.

Mr. Carter

asked the Secretary of State for Trade and Industry if he will institute an inquiry under the Companies Act into the St. Christopher Motorists Association Limited; and if he will make a statement.

Mr. Peter Walker

I am considering this possibility in the light of the information currently available. If the hon. Member is able to let me have any additional relevant information, I shall take this into account.