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European Community (Insurance Services)

Volume 979: debated on Tuesday 19 February 1980

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asked the Secretary of State for Trade (1) what action he intends to take to provide for freedom of insurance services within the European Community and to end the restrictions placed on the operations of Lloyd's within the EEC, whether they be on the localisation of assets, the offer of direct insurance marine hull or life and other forms of insurance, and which run contrary to the spirit of the Treaty of Rome;(2) what representations he is making to the European Commission on the need for the early harmonisation of insurance and reinsurance arrangements within the European Community.

My Department is already playing an active role in consideration of the Commission's draft directive on insurance services. The draft outlines certain measures for further harmonisation of insurance supervision in the Community.