§ Mr. FrenchTo ask the President of the Board of Trade how many mutual companies have proprietary subsidiaries; and how many proprietary companies have mutual subsidiaries. [21252]
§ Mr. NelsonInformation from which the answer to this question can be compiled is not available centrally.
§ Mr. Frank FieldTo ask the President of the Board of Trade if he will publish the relevant background information he has compiled on moves to a conversion of mutual insurance companies along the lines of building society conversions. [21445]
§ Mr. NelsonConversions by mutual insurance companies to proprietary status are dealt with on a case by case basis. Past conversions have been effected under the terms of schedule 2C of the Insurance Companies Act 1982 which provides for the insurance business of one insurance company to be transferred to another company, and it is likely that future conversions will take place in this way.