1AR insurance row
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)W broke out at the ih Association of vers' Bristol conference veek when an overseas 3n underwriter chald members to make up minds whether they d to be associated with ,mpany.
dispute centred around ;urance scheme for over-emovals which had last been accepted by a rity of the BAR's memip.
scheme is run by Credit Guarantee Insurance Company Ltd, whose managing director V. J. Fowler pointed out that he was still awaiting a reply from 85 of the 140 member companies of the overseas section of the BAR to a financial questionnaire.
Questionnaire
It was this question of the questionnaire which focussed members' anger. If the insurance scheme were obligatory, then they would be forced to give. detailed information about their businesses to Credit and Guarantee. John Tarsey asked the important question. "Must we complete the form or be expelled," he asked the chairman.
Michael Scott, for the Board of Management of BAR, said that the Overseas Section held that the scheme was mandatory. "Everyone must get in touch with CGI or give evidence of satisfactory alternative arrangements," he told Mr Tarsey, The implication was that CGI did indeed have the right to demand detailed informa tion from members of their finances, and to require a premium of £200-400 a year.
Scared
Tony Richman, another of the many vociferous critics of the scheme, said members should not be scared of the political pressures for consumer guarantees.
If the scheme were to be enforced against the will of its members — the starting date has already been postponed from January 1, 1979 — he feared the break-up of the BAR.