British Nuclear Fuels (Hansard, 4 March 1994)

HC Deb 04 March 1994 vol 238 c20W 20W

§ Mr. Llew Smith
To ask the President of the Board of Trade if British Nuclear Fuels sought permission from his Department, or had discussions with his Department, prior to establishing(a) BNFL Insurance Ltd. and (b) BNFL Indemnity Ltd. in Guernsey in 1992.

§ Mr. Eggar
The establishment of BNFL Insurance Ltd. was a management matter for BNFL.
In December 1992, in accordance with section 19(1) of the Nuclear Installations Act 1965, my Department, with the consent of the Treasury, approved BNFL's arrangements to insure its £20 million statutory liability under that Act with BNFL Indemnity Ltd. in Guernsey.