I move amendment No. 37:
In page 24, in line 28, after "insurance broker" to insert "or insurance agent".
This amendment is to give power to the Minister to require bonds of agencies as well as of brokers. The arguments made earlier in relation to this part of the Bill dealt with potentially unfair competition between brokers and agents, in that agents do not have the same heavy responsibility in relation to indemnities, maintaining office standards, etc., as brokers have. One of the problems relates to indemnity insurance and that is why I suggest that both might have to have indemnity insurance. The arguments have been made already and I do not want to go any further into them.