Administrative Penalty $2,000.00 - Premier Assurance Group Ltd. (2014-01-05)

Summary

This is an enforcement notice published by the BVI Financial Services Commission announcing an administrative penalty imposed on Premier Assurance Group Ltd. It is purely informational, documenting a past contravention and the resulting fine rather than creating any new ongoing requirement for other entities.

• Penalty: Administrative penalty of $2,000.00 imposed on Premier Assurance Group Ltd.
• Contravention: Breach of sections 57(1) and 59(1) of the Insurance Act, 2008, by failing to submit audited financial statements and a director's certificate for the financial year ended 31 December 2012 by the extended deadline of 30 September 2013.
• Reference: Matter ID BF101113/189.

Applies to

insurers, insurance companies