Public Statement - State Mutual Insurance Co. Ltd (2012-06-27)

Summary

This is a public statement issued by the BVI Financial Services Commission (Public Statement No. 6 of 2012) concerning State Mutual Insurance Co. Ltd, a licensed Insurance Captive. The statement was issued to protect the public interest and the interests of any customers and creditors of the company.

• Purpose: Notify the general public that State Mutual Insurance Co. Ltd is no longer licensed or regulated by the Commission.
• Status: The company remains subject to outstanding enforcement action (Matter ID ENF0511/070).
• Licence type: Insurance Captive.

This is a purely informational enforcement notice with no continuing compliance obligations for third parties; it warns the public and market participants about the company's unlicensed status rather than imposing new requirements on regulated entities generally.

Applies to

Insurance Captive, State Mutual Insurance Co. Ltd