FSA application approved
The High Court has approved the Financial Services Authority's (FSA) application for the distributio...
The High Court has approved the Financial Services Authority's (FSA) application for the distribution of approximately £655,000 to policyholders who purchased insurance from CIC Insurance Company SA (CIC), an unauthorised insurance provider, through a UK-based intermediary called insureyourshop.com (IYS). Between January and December 2003, IYS issued insurance on behalf of CIC to approximately 1,700 policyholders in the UK who collectively paid nearly £1.5m in premiums. None of the mainly fish
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