Public Statement - Greater Tri-State Casualty Company Limited (2012-10-23)

Summary

This is a public statement (Public Statement No. 18 of 2012) issued by the British Virgin Islands Financial Services Commission concerning Greater Tri-State Casualty Company Limited, an entity formerly licensed as an insurance captive. It is a purely informational enforcement alert, not a rule imposing ongoing obligations on licensees.

• Purpose: To protect the public interest and the interests of customers and creditors of the company by publicising that it is no longer licensed or regulated by the Commission.
• Warning: The company may be carrying on unauthorised financial services business despite no longer holding a licence.
• Reference details: Licence Type: Insurance Captive; Matter ID: INS0928/162.

The statement is a notice to the public and market participants rather than a directive to regulated entities, and it does not set out any compliance deadlines or continuing filing requirements.

Applies to

insurance captives, the general public and industry practitioners dealing with insurance entities