I should perhaps explain the point about cost. Given that the catch-all clause from the Marine Insurance Act 1906 is removed, necessarily the range of risks to which the insurance company is exposed will be greater. Given that, it is likely that the premium charge will be greater. That was the point that I was making.
Consumer Insurance (Disclosure and Representations) Bill [HL]
Proceeding contribution from
Lord Eatwell
(Labour)
in the House of Lords on Monday, 13 June 2011.
It occurred during Debate on bills
and
Second Reading Committee proceeding on Consumer Insurance (Disclosure and Representations) Bill [HL].
About this proceeding contribution
Reference
728 c102GCSession
2010-12Chamber / Committee
House of Lords Grand CommitteeSubjects
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