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Life Insurance

Volume 180: debated on Thursday 15 August 1907

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I beg to ask the President of the Board of Trade, whether he has made further inquiries into the action of those insurance companies who issue policies to persons who have no assurable interest in the policies; and if he will consider during the recess whether, by a commission of inquiry or otherwise, this practice can be stopped.

I promised the hon. Member, in reply to a Question he asked me last month to consider any definite information that he could furnish on this point. He has-supplied me with some newspaper cuttings, but I do not find in them such evidence of the existence of the practice complained of as would justify action on the part of the Board of Trade.

Seeing that this practice is most injurious to that class which is least able to protect itself cannot the right hon. Gentleman take steps to forbid it?