What the insurer has to do, as I understand it, is to provide for future liabilities. Through an elaborate process with its accountants and the FCA, it has to provide the appropriate amount on reasonable assumptions. It is quite a formalised process. That is the process that we are looking at here.
Mesothelioma Bill [HL]
Proceeding contribution from
Lord Freud
(Conservative)
in the House of Lords on Wednesday, 5 June 2013.
It occurred during Debate on bills
and
Committee proceeding on Mesothelioma Bill [HL].
About this proceeding contribution
Reference
745 c233GCSession
2013-14Chamber / Committee
House of Lords Grand CommitteeLibrarians' tools
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2015-03-26 19:28:27 +0000
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