§ The MINISTER of STATE, DEPARTMENT of INDUSTRY (Lord Beswick)
My Lords, I beg to introduce a Bill to make provision for indemnifying (in whole or in part) or otherwise assisting or protecting policyholders and 185 others who have been or may be prejudiced in consequence of the inability of authorised insurance companies carrying on business in the United Kingdom to meet their liabilities under policies issued or securities given by them, and for imposing levies on the insurance industry for the purpose; to authorise the disclosure of certain documents and information to persons appointed by the Secretary of State to advise him on the exercise of his powers under the Insurance Companies Act 1974; and for purposes connected with the matters aforesaid.
§ My Lords, I beg to move that this Bill be read a first time.
§ Moved, That the Bill be now read la.— (Lord Beswick.)
§ On Question, Bill read la, and to be printed.