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Moorgate Insurance Company Limited

Enforcement Action
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Enforcement Summary:
A notice of revocation of licence was issued to Moorgate Insurance Company Limited for its contraventions of (a) section 23(1) and 23(5) of the Insurance Act, 2008 by failing to appoint a new insurance manager after its insurance manager resigned and failing to notify the Commission of the resignation of its insurance manager; (b) section 57(1) of the Insurance Act, 2008 by failing to prepare and submit its audited financial statements and director�s certificate to the Commission within the specified timeframe; and (c) section 2A(ii) of the Financial Services Fees (Amendment) Regulations, 2010 by failing to pay to the Commission the required annual license fee.
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