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United Kingdom · Question · Written question

UIN 131326

Coronavirus Business Interruption Loan Scheme

answeredUnited Kingdom· UK Parliament· EN

Introduced

17 December 2020

Last action

11 January 2021 · Answer

Status

Answered

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Subjects

Discovery layer

Source updated

11 January 2021

Summary

To ask the Chancellor of the Exchequer, in circumstances where a business has a successful Business Interruption policy claim met and the loss adjuster deducts from that claim the amount the business had received in furlough payments, whether insurance co

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Timeline

  1. 17 December 2020

    Written question

    To ask the Chancellor of the Exchequer, in circumstances where a business has a successful Business Interruption policy claim met and the loss adjuster deducts from that claim the amount the business had received in furlough payments, whether insurance co

    Source: Commons

  2. 11 January 2021

    Answer

    The Financial Conduct Authority has advised that all deductions from business interruption insurance settlements should be assessed on a case-by-case basis. The individual policy wording generally sets out the basis on which the sum due to the policyholde...

    Source: Written answer

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