Telerad Property & Casualty Insurance Corporation - Advisory Warning No. 1 of 2011 (16 June, 2011)

Advisory Warning No. 1 of 2011 

16 June, 2011

ADVISORY WARNING 
TELERAD PROPERTY CASUALTY INSURANCE CORPORATION

Tortola, British Virgin Islands – 16 June, 2011 – The British Virgin Islands Financial Services Commission (the “FSC”) wishes to inform the public that Telerad Property & Casualty Insurance Corporation is no longer licensed or regulated by the Commission.

Telerad Property & Casualty Insurance Corporation was formerly licensed by the Commission to conduct general insurance business from within the Territory, its licence having expired on 31 December, 2007.

Members of the public are therefore advised to exercise extreme caution in conducting any transactions with Telerad Property & Casualty Insurance Corporation, as it is no longer licensed or regulated to conduct insurance business in or from within the Territory.