1-4 of 4 results for subject:Insurance
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Codes of practice (4)
Publisher
Answered by
Lord Irvine of Lairg
(Labour)
Asked by
Lord Hunt of Wirral
(Conservative)
Type
Oral answers to questions
Whether they are satisfied with the progress made since the introduction of the Woolf reforms to civil justice procedure six months ago.
Subjects
Compensation; Codes of practice; Courts; Administration of justice; Damages; Civil proceedings; Insurance; Personal injury; Reform
Date
26 October 1999
Reference
606 c167-8
Chamber / Committee
House of Lords chamber
House
House of Lords
Whether they are satisfied with the progress made since the introduction of the Woolf reforms to civil justice procedure six months ago.
Whether they are satisfied with the progress made since the introduction of the Woolf reforms to civil justice procedure six months ago.
Asked by
Lord Hunt of Wirral
(Conservative)
Answered by
Lord Irvine of Lairg
(Labour)
Oral questions - Lead
Status
Answered
For answer on
26 October 1999
Answered on
26 October 1999
Subjects
Compensation; Codes of practice; Courts; Administration of justice; Damages; Civil proceedings; Insurance; Personal injury; Reform
Date
26 October 1999
Reference
606 c167-8
Chamber / Committee
House of Lords chamber
House
House of Lords
To ask Mr Chancellor of the Exchequer, if the current review of the Council of Mortgage Lenders Code will include the practice of linking insurance with mortgage products.
To ask Mr Chancellor of the Exchequer, if the current review of the Council of Mortgage Lenders Code will include the practice of linking insurance with mortgage products.
Asked by
Paul Flynn
(Labour)
Answered by
Patricia Hewitt
(Labour)
Answering body
Treasury
Type
Written questions
Status
Answered
Tabled on
7 July 1999
For answer on
13 July 1999
Answered on
13 July 1999
Mr. Flynn: To ask the Chancellor of the Exchequer if the current review of the Council of Mortgage Lenders Code will include the
practice of linking insurance with mortgage products. [90815]
Ms Hewitt: Yes. The operation of the Code will be reviewed and the Code provides that transparent information should be provided on
such linkages.
Subjects
Codes of practice; Insurance; Mortgages
Date
13 July 1999
Reference
90815; 335 c181W
House
House of Commons
Statement on plans for regulation of intermediaries dealing in general insurance. - Inc ref to 317 c23-4W, 27 July 1998.
Statement on plans for regulation of intermediaries dealing in general insurance. - Inc ref to 317 c23-4W, 27 July 1998.
Asked by
Jackie Lawrence
(Labour)
Answered by
Patricia Hewitt
(Labour)
Answering body
Treasury
Type
Written questions
Status
Answered
Tabled on
29 June 1999
For answer on
1 July 1999
Answered on
1 July 1999
Ms Lawrence: To ask the Chancellor of the Exchequer what plans he has for regulation of intermediaries dealing in general insurance.
[89460]
Ms Hewitt: As the former Economic Secretary (Mrs. Liddell) announced on 27 July 1998, Official Report, columns 23-24, the Financial
Services and Markets Bill, now before the House, will provide for the repeal of the Insurance Brokers (Registration) Act 1977.
Subject to the approval of Parliament, this will end the statutory status of the Insurance Brokers Registration Council (IBRC). The
Joint Committee on Financial Services and Markets' recent report on the draft Bill supported this approach.
I am grateful to the current IBRC members for their work in continuing to serve on the Council in the interests of the insurance
broking community during the present transitional period. To assist them in that task, I have today, under existing powers,
nominated three new members to fill vacancies on the Council, to serve until the Council's statutory status ends: Ronald Armstrong
OBE Bryan Lincoln Dr. Oonagh McDonald CBE.
I am pleased that, since my right hon. Friend's announcement, the insurance industry, including general insurance intermediaries,
has risen to the challenge she outlined. A broad-based range of support has developed for the General Insurance Standards Council
(GISC), a new voluntary body to promote high standards of professional conduct among general insurance intermediaries.
The GISC is committed to strengthening industry standards and developing general insurance intermediaries' services to the public in
all parts of the market. It plans to complement the statutory responsibilities of the Financial Services Authority (FSA) while
stripping away unnecessary regulatory requirements on general insurance intermediaries. The GISC has gathered support with
impressive speed. If it can fulfil its promise, it will provide valuable services to both general insurance intermediaries and their
customers.
There may in future be a case for statutory regulation of general insurance intermediaries. If so, the Financial Services and
Markets Bill contains a provision which would enable the Treasury to specify regulated activity, and to give regulatory
responsibility to the FSA. For the moment, I have no plans to specify advice on general insurance as a regulated activity.
Subjects
Codes of practice; Insurance companies; Financial institutions; Industry; Insurance; Public appointments; Regulation; Insurance Brokers' Registration Council; General Insurance Standards Council
Date
1 July 1999
Reference
334 c261W; 89460
House
House of Commons