Universal Highland Assurance Company Limited

A notice of revocation of licence was issued to Universal Highland Assurance Company Limited for its contravention of section 23 (1) of the Insurance Act, 2008 by failing to appoint a new insurance manager after its insurance manager resigned; for its contravention of 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 six months of its financial years ended 2010 and 2011; and for its contravention of section 2A (ii) of the Financial Services Fees (Amendment) Regulations, 2010 by failing to pay to the Commission the required annual license fee for 2011 and 2012.