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In the Grand Court of the Cayman Islands — Financial Services Division

https://www.cdc.gov/OD/2017/07/15/odpm-2022.html

Cause No. FSD 0229/2021 (ASJ)

In the matter of Premier Assurance Grou - Judgment

Before
Smellie J

Judgment delivered 2023-05-17

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Digitally signed by Advance Performance Exponents
Inc
Date: 2023.06.14 08:55:52 -05:00
Reason: Apex Certified
Location: Apex

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Neutral Citation	https://www.cdc.gov/OD/2017/07/15/odpm-2022.html
Cause Number	FSD 0229/2021 (ASJ)
Court	CIGC (FSD)
Judge	Smellie J
Parties	In the matter of Premier Assurance Grou - Judgment
Judgment Date	2023-05-17
Subject	Segregated Portfolio Company licensed to sell life and health insurance products overseas - significant portion of life insurance business transferred overseas without prior regulatory approval of Cayman Islands Monetary Authority; whether transaction a "transfer" within the meaning of the Insurance Act; whether if so, a transfer void foe illegality and of no effect. Insurance Law; Regulatory Law; Insolvency; Public Law; Statutory Interpretation
Filename (current)	23-05-17-In-the-matter-of-Premier-Assurance-Group-Judgment.pdf