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Nation Life Insurance Co Ltd

Volume 888: debated on Friday 21 March 1975

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asked the Secretary of State for Trade under what powers his Department took action in September 1973 to insulate the affairs of Nation Life from those of the property and finance group of which it was then a member.

Under Sections 14 and 21, on the ground specified in Section 12(4)(b) of the Insurance Companies Amendment Act 1973. These sections now appear respectively as Sections 30, 37 and 28(4)(b) in the consolidating Insurance Companies Act 1974.