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Nominated Insurance

Volume 404: debated on Wednesday 7 May 2003

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To ask the Deputy Prime Minister if he will make a statement on nominated insurance relating to leaseholders. [111195]

Section 164 of the Commonhold and Leasehold Reform Act 2002 will allow leaseholders of houses who are subject to a nominated insurer clause to be able to insure the property with the insurer of their choice provided that certain conditions are met.

National BVPIs and ACPIs 2000–011National BVPIs 2001–02National BVPIs 2002–03National BVPIs 2003–04Percentage decrease from 2000–01 to 2003–04
Unitaries/metropolitan boroughs189123979848%
London boroughs189121949550%
County councils (including Fire)134105868537%
District councils9165515342%
Fire authorities18181919n/a
1 Includes Audit Commission performance indicators which were replaced entirely in 2001–02 by best value performance indicators.

In order to implement this provision, the form of the notice of cover must be prescribed by regulation. The Office of the Deputy Prime Minister published a consultation paper on 6 May that seeks views on draft regulations that prescribe the form of the notice of cover and also seeks views on additional information to be included in the notice.