War Loan Policies (Prudential Assurance Company).

Oral Answers to Questions — Education. – in the House of Commons on 17th May 1922.

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Photo of Mr Thomas Myers Mr Thomas Myers , Spen Valley

83.

asked the President of the Board of Trade whether, in view of the provisions of the Assurance Companies Bill, he can obtain information as to how many War Bond policies have been issued by the Prudential Assurance Company; what is the aggregate value of such policies; and how many of them have lapsed?

Photo of Sir William Mitchell-Thomson Sir William Mitchell-Thomson , Glasgow Maryhill

According to information supplied by the Prudential Assurance Company, Limited, in January last the number of War loan policies issued in the industrial branch of the company was 1,882,732, of which 442,662 were not taken up. The number of policies lapsed was 279,788. On the 3rd December, 1921, the sum assured under policies remaining in force at that date was, approximately, £28,500,000 nominal of War stock or bonds.

Photo of Mr Thomas Myers Mr Thomas Myers , Spen Valley

Does the law give any protection to these people whose policies have lapsed?

Photo of Sir William Mitchell-Thomson Sir William Mitchell-Thomson , Glasgow Maryhill

I must have notice of any questions on points of law.