Q&As

We are a UK insurance company authorised by the PRA and regulated by both the PRA and the FCA. Our insurance policies are sold by us by telephone, and by our corporate business partner companies through their websites and in their UK shops. Some of our customers live on Jersey. Therefore our Jersey customers could have bought our policies at home in Jersey via a telephone call or through the internet, or they could have bought one of our policies in a UK shop and then travelled back home to Jersey as a new policyholder. Which registrations do we need with the Jersey Financial Services Commission, and do we need to be registered or would it be because we have policyholders currently buying new policies? None of our policies are Long Term business.

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Published on LexisPSL on 03/11/2015

The following Financial Services Q&A provides comprehensive and up to date legal information covering:

  • We are a UK insurance company authorised by the PRA and regulated by both the PRA and the FCA. Our insurance policies are sold by us by telephone, and by our corporate business partner companies through their websites and in their UK shops. Some of our customers live on Jersey. Therefore our Jersey customers could have bought our policies at home in Jersey via a telephone call or through the internet, or they could have bought one of our policies in a UK shop and then travelled back home to Jersey as a new policyholder. Which registrations do we need with the Jersey Financial Services Commission, and do we need to be registered or would it be because we have policyholders currently buying new policies? None of our policies are Long Term business.

We are a UK insurance company authorised by the PRA and regulated by both the PRA and the FCA. Our insurance policies are sold by us by telephone, and by our corporate business partner companies through their websites and in their UK shops. Some of our customers live on Jersey. Therefore our Jersey customers could have bought our policies at home in Jersey via a telephone call or through the internet, or they could have bought one of our policies in a UK shop and then travelled back home to Jersey as a new policyholder. Which registrations do we need with the Jersey Financial Services Commission, and do we need to be registered or would it be because we have policyholders currently buying new policies? None of our policies are Long Term business.

According to the Jersey Financial Services Commission (JFSC):

'Certain forms of insurance business are

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