Alert No. 1 of 2020 – Bountiful Assurance Ltd. is not licensed nor registered with the Commission and is not authorized to sell insurance products from or within The Bahamas with the general public, outside of its members as mandated by the Friendly Societies Act.
Alert No. 2 of 2020 – British European & Overseas P&I, DGS Marine or its affiliates BE&O H&M Facility Ltd., the BEO FD&D Facility Ltd. and D.B.N. DV Holdings Ltd., are not licensed nor registered with the Commission and are not authorized to sell insurance products from or within The Bahamas.
See UN Security Council Committee Sanctions List of Individuals and Entities under Legal.
Insurance Commission of The Bahamas is an independent regulatory agency with responsibility for regulating all insurance activity in and through The Bahamas. It serves as the prudential and market conduct regulator, and provides ongoing monitoring and control of all domestic insurers (general, long-term), agents, brokers, salespersons, adjusters, underwriting managers and external insurers.