Public Statement - Great Oak Insurance Company Limited (2012-06-27)

Summary

This is a public statement issued by the British Virgin Islands Financial Services Commission (BVI FSC) concerning Great Oak Insurance Company Limited, an insurance captive licensee. It is Public Statement No. 9 of 2012 and serves to warn the public, customers and creditors that the company is no longer licensed or regulated by the Commission.

• Purpose: To protect the public interest and the interests of the company's customers and creditors by publicising its regulatory status.
• Status: Great Oak Insurance Company Limited is no longer licensed or regulated by the BVI FSC.
• Enforcement: The company remains subject to outstanding enforcement action (Matter ID ENF0511/070).

The statement does not impose ongoing compliance obligations on other regulated entities; it is an informational alert about the status of a single named insurance captive.

Applies to

insurance captive, Great Oak Insurance Company Limited