Unlimited Insurance companies: A consultation
In response to the Penrose Report on Equitable Life Assurance Society (ELAS), Ruth Kelly, the Financial Secretary to the Treasury, has published a consultation document on draft legislation to protect policyholders in the event that ELAS’s unlimited status were ever to become material. To download the document ( click here )
This consultation document covers draft clauses which deal with the issue of unlimited liability which could potentially affect certain policyholders of ELAS and a small number of other companies.
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