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Warning over Gibraltar based Unique Car Insurance
Sally_A
Posts: 2,266 Forumite
The warning below was copied and pasted from an email alert received today from Insurance Times.
Gibraltar regulator the Financial Services Commission (FSC) has issued a warning to the public regarding Unique Car Insurance.
The FSC said it had received information that the firm was operating a website and offering to provide short-term motor insurance to UK drivers under the age of 21.
The regulator stated Unique Car Insurance has claimed that it is a limited company that is authorised and regulated by the Financial Services Commission in Gibraltar.
In a statement on its website, the FSC said: "Unique Car Insurance is not regulated by the FSC, or licensed under the Financial Services (Investment & Fiduciary Services) Act 1989, or the Financial Services (Insurance Companies) Act 1987, to carry on insurance mediation or insurance business in or from within Gibraltar.
"Unique Car Insurance is not a Gibraltar registered company or a trading name registered under the Business Names Registration Act."
The Gibraltar regulator urged the public to exercise appropriate caution while it continued its investigations.
Gibraltar regulator the Financial Services Commission (FSC) has issued a warning to the public regarding Unique Car Insurance.
The FSC said it had received information that the firm was operating a website and offering to provide short-term motor insurance to UK drivers under the age of 21.
The regulator stated Unique Car Insurance has claimed that it is a limited company that is authorised and regulated by the Financial Services Commission in Gibraltar.
In a statement on its website, the FSC said: "Unique Car Insurance is not regulated by the FSC, or licensed under the Financial Services (Investment & Fiduciary Services) Act 1989, or the Financial Services (Insurance Companies) Act 1987, to carry on insurance mediation or insurance business in or from within Gibraltar.
"Unique Car Insurance is not a Gibraltar registered company or a trading name registered under the Business Names Registration Act."
The Gibraltar regulator urged the public to exercise appropriate caution while it continued its investigations.
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