Security Trust Insurance Limited - Advisory Warning (2002-12-09)

Summary

This is a public advisory warning issued by the British Virgin Islands Financial Services Commission on 9 December 2002. It states that Security Trust Insurance Limited is not licensed in the BVI to conduct insurance business under the Insurance Act, 1994, nor to conduct trust business under the Banks and Trust Companies Act, 1990.

• Warning: Security Trust Insurance Limited is not licensed under the Insurance Act, 1994 to conduct insurance business in or from the BVI.
• Warning: Security Trust Insurance Limited is not licensed under the Banks and Trust Companies Act, 1990 to conduct trust business in or from the BVI.

The notice is informational and does not impose ongoing compliance obligations on regulated entities; it is intended to alert the general public and industry practitioners so they avoid dealing with this unlicensed entity as if it were authorised.

Applies to

general public, insurance business, trust business