FSCS pays out to Lamp GAP and health customers

money

The Financial Services Compensation Scheme (FSCS) has stated that Lamp GAP policies through Warranty Direct are no longer in force.

The organisation explained that the liquidator had disclaimed the policies on 29 August 2019.

Unrated Gibraltarian insurer Lamp applied for liquidation at the Supreme Court of Gibraltar in late May and the application was accepted by the court on 31 May.  

According to the FSCS, policyholders are entitled to a pro-rata return of premium on the unused period of

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