§ Brian CotterTo ask the Chancellor of the Exchequer what procedures are in place to assess and monitor information compiled by the insurance industry as a basis for determining contracts of cover. [64935]
§ Ruth KellyDetermining whether to offer cover, and terms and prices of contracts, are for the commercial judgment of insurers. Except for certain specified circumstances, insurers are free to gather and use whatever obtainable information they believe is relevant. It is in insurers' interests to only use relevant and accurate information. Government does not assess or monitor the compilation of such information.