SMG Assurance Limited - Advisory Warning No. 8 of 2011 (2011-06-21)

Summary

This is a public advisory issued by the British Virgin Islands Financial Services Commission warning that SMG Assurance Limited is not licensed to carry on insurance business in or from within the British Virgin Islands. It is issued under section 4(1) of the Financial Services Commission Act, 2001 to alert the public and industry to unlicensed activity.

• Prior licence: SMG Assurance Limited was formerly licensed to conduct general insurance business from within the Territory, but that licence expired on 31 December 2008.
• Current status: SMG Assurance Limited is no longer licensed or authorised to carry on insurance business in or from within the British Virgin Islands.
• Public advisory: Members of the public are advised to exercise extreme caution when conducting any transactions with SMG Assurance Limited.

Applies to

insurance business, general public and prospective clients of SMG Assurance Limited