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New Clause 8 - Flood insurance obligations: target number

Water Bill – in a Public Bill Committee at 3:30 pm on 12th December 2013.

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‘(1) The Secretary of State may, from time to time, by regulations prescribe a number to be a target number for the purposes of regulations under section (Flood insurance obligations).

(2) A target number is the number of registered premises to be covered against a prescribed description of risk by insurance policies issued in a prescribed period by those relevant insurers upon whom obligations are imposed by regulations under section (Flood insurance obligations).

(3) The regulations may prescribe different target numbers for different descriptions of risk.

(4) The regulations may in particular provide for a target number to be expressed as a percentage of the number of registered premises.

(5) The regulations may, at any one time, prescribe target numbers for two or more consecutive prescribed periods.

(6) In this section “prescribed” means specified in or determined in accordance with regulations under this section.’—(Dan Rogerson.)

Brought up, and read the First and Second time.

Amendment proposed to new clause 8: (a), after subsection (6) at end add—

‘(7) In prescribing a target number the Secretary of State shall refer to the advice of the Committee on Climate Change given under section [The Flood Reinsurance Scheme](8).’—(Thomas Docherty.)

Question put, That the amendment be made.

The Committee divided: Ayes 5, Noes 9.

Division number 8 Decision Time — New Clause 8 - Flood insurance obligations: target number

Aye: 5 MPs

No: 9 MPs

Ayes: A-Z by last name

Nos: A-Z by last name

Question accordingly negatived.

New clause 8 added to the Bill.

Photo of James Gray James Gray Conservative, North Wiltshire

If the Committee is content I shall combine the questions on Government new clauses 9 to 21.