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Regulator warns of phoney Gibraltan motor insurer

The FSC said it had received information that the firm was operating a website and offering to provide short-term motor insurance to UK drivers under the age of 21.

The regulator stated Unique Car Insurance has claimed that it is a limited company that is authorised and regulated by the Financial Services Commission in Gibraltar.

In a statement on its website, the FSC said: "Unique Car Insurance is not regulated by the FSC, or licensed under the Financial Services (Investment & Fiduciary Services) Act 1989, or the Financial Services (Insurance Companies) Act 1987, to carry on insurance mediation or insurance business in or from within Gibraltar.

"Unique Car Insurance is not a Gibraltar registered company or a trading name registered under the Business Names Registration Act."

The Gibraltar regulator urged the public to exercise appropriate caution while it continued its investigations.

 

Richard Anthony Oakes, Sharon Linda Oakes & Ashley Burton trading as Oakes Insurance Consultants are
authorised and regulated by the Financial Services Authority. Number 307170

Registered office: Oakes House, Derby Road, Long Eaton, Nottingham NG10 1PD