REGULATION OF THE TRAVEL INSURANCE INDUSTRY

Early day motion 1027, tabled 8 April 2003 by Norman Lamb (Liberal Democrat). Signed by 52 members.

That this House notes with concern that consumers who buy travel insurance from a travel agent or tour operator are not protected by statutory regulation; further notes that direct sellers of travel insurance currently subscribe to a voluntary code and will be subject to statutory regulation via the Financial Services Authority from January 2005; further notes that recent research by Which Magazine found that only one out of a sample of 28 travel agents sought to establish whether customers had any pre-existing medical conditions; and calls on the Chancellor of the Exchequer to adopt full FSA regulation of travel agents' sale of travel insurance.

Signatures by party: Labour 25, Liberal Democrat 23, Labour/Co-operative 3, UUP 1.