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1695812
registered interest false more like this
date less than 2024-03-13more like thismore than 2024-03-13
answering body
Ministry of Justice more like this
answering dept id 54 more like this
answering dept short name Justice more like this
answering dept sort name Justice more like this
hansard heading Motor Vehicles: Insurance more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Justice, with reference to his Department's press release entitled Over £1 billion savings for motorists as whiplash reforms come into force, published on 31 May 2021, what estimate he has made of the average saving on motor insurance in each of the last three years. more like this
tabling member constituency Stockton North more like this
tabling member printed
Alex Cunningham more like this
uin 18434 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2024-03-18more like thismore than 2024-03-18
answer text <p>Part 3 of the Civil Liability Act 2018 (the Act) requires motor insurers in England and Wales to provide the Financial Conduct Authority (FCA) with data on savings arising from its provisions and on how they have been passed on to policy holders. The Act also requires that a report on the savings made must be completed and laid before Parliament by no later than 1 April 2025. The data gathering phase has been completed and the FCA are now working with HM Treasury officials to prepare a report which will be published in line with statutory deadlines.</p> more like this
answering member constituency Finchley and Golders Green more like this
answering member printed Mike Freer more like this
question first answered
less than 2024-03-18T17:34:31.877Zmore like thismore than 2024-03-18T17:34:31.877Z
answering member
4004
label Biography information for Mike Freer more like this
tabling member
4122
label Biography information for Alex Cunningham remove filter