Clause 3 — (Rights of owners of certain endowment policies).

Part of Orders of the Day — Industrial Assurance and Friendly Societies Bill. – in the House of Commons on 15th March 1929.

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Photo of Mr Thomas Inskip Mr Thomas Inskip , Bristol Central

It is covered so far as the lapsed policies to which Sub-section (2) of the Clause applies, are concerned. Perhaps I may deal with a point raised in an Amendment on the Paper in the name of the hon. and gallant Member for Central Hull (Lieut.-Commander Kenworthy). It really would be impossible to issue a notice to a holder or former holder of an endowment policy, including lapsed policies. Registers are not kept of all the holders who at some time have had these lapsed policies. It was because the proposal of the hon. and gallant Member was impracticable that we thought it much more desirable that there should be issued in plain terms, not in legal terms but in language designed to enable humble people to appreciate the nature of the rights to which they will become entitled.