Notice
Revocation of Licenses/Certificate - Investors Reinsurance Limited (2012-06-13)
Issued 2012-06-13View on FSC's website Source document
Summary
This is an enforcement notice from the BVI Financial Services Commission announcing the revocation of the licence and certificate of Investors Reinsurance Limited, a company holding an Insurance Captive licence. The action was taken because the company failed to submit its audited financial statements within the period prescribed or approved under the Insurance Act, 2008.
- Entity: Investors Reinsurance Limited
- Licence type: Insurance Captive
- Ground for revocation: Contravention of section 57(1) of the Insurance Act, 2008 by failing to submit audited financial statements within the prescribed or approved period
- Matter reference: INS0525/075
This is a historical enforcement record concerning a specific licensee rather than a rule of general application, so it does not impose new ongoing obligations on other regulated entities. It illustrates the Commission's enforcement stance on timely filing of audited financial statements under the Insurance Act.
Applies to
insurance captives, insurance companies