Secondary

Tag Archives | Application

Underwriting-at-claims-stage

FSCA denied application for exemption – Was it justified?

In a recent Financial Tribunal case, the applicant, a sole proprietor and key individual of a brokerage, lodged an appeal for reconsideration of an FSCA decision in October 2018 to decline his application for exemption from certain Fit and Proper requirements. These requirements related specifically to the regulatory exams and qualification obligations. As the applicant […]

Continue Reading
liquidation

Application for Liquidation of Saxum Insurance

Should the FSB’s application be upheld, and this order is granted and made final, it will effectively mean that that any policyholder with a current claim will become a concurrent creditor of the insolvent estate and in all likelihood suffer a major loss. At this point its impossible to say what dividend if any is […]

Continue Reading