Posted on June 21, 2011 07:27
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Advisory Warning No. 8 of 2011
21 June, 2011
ADVISORY WARNING
SMG Assurance Limited
Tortola, British Virgin Islands – 21 June, 2011 – The British Virgin Islands Financial Services Commission (the “FSC”) wishes to inform the public that SMG Assurance Limited is no longer licensed to carry on insurance business in or from within the British Virgin Islands.
SMG Assurance Limited was formerly licensed by the FSC to conduct general insurance business from within the Territory, its licence having expired on 31 December, 2008.
Members of the public are therefore advised to exercise extreme caution in conducting any transactions with SMG Assurance Limited as it is not licensed or authorised to carry on insurance business in or from within the British Virgin Islands.
The FSC is issuing this Advisory Warning under section 4 (1) of the Financial Services Commission Act, 2001.