HC Deb 21 July 1980 vol 989 c25W
Mr. Clinton Davis

asked the Secretary of State for Trade if he will investigate, under the Insurance Companies Act 1974, the situation affecting policy holders of the Underwriters' National Assurance Company; and if he will make a statement.

Mr. Eyre

No. My Department is informed about the affairs of this American company which was closed to new business here in 1974. The company considers that a scheme of arrangement will be the best solution for United Kingdom policy-holders. My Department will be writing to them in the near future.