Safe Care Financial Ltd Not Regulated by CIMA (2017-10-17)

Summary

This is a public warning notice issued by the Cayman Islands Monetary Authority (CIMA) alerting the public that Safe Care Financial Ltd. is not licensed by CIMA to conduct any regulated financial activity, despite advertising itself as 'a Cayman Islands Class B insurer'. The notice clarifies that this entity has no relationship with or authorization from CIMA and is not subject to CIMA's regulatory oversight.

• Nature of notice: Informational only; does not impose regulatory obligations on licensed entities.
• Purpose: Aimed at protecting members of the public from potentially fraudulent or misleading claims of insurance licensing status.
• Public action requested: CIMA asks that anyone who becomes aware of persons purporting to represent this unlicensed insurer report the matter to the Authority.

There are no ongoing compliance requirements for regulated entities arising from this notice; it serves purely as a consumer protection alert regarding an unauthorized entity.

Key obligations

• Members of the public who become aware of any person purporting to represent Safe Care Financial Ltd. as a licensed insurer should report the matter to CIMA