Policyholder protection

The products listed in this section are issued by CMI Insurance Company Limited, an Isle of Man authorised insurance company supervised by the regulatory authorities in the Isle of Man. Its policyholders enjoy the protection of the Isle of Man Life Assurance (Compensation of Policyholders) Regulations 1991. Holders of policies issued by CMI Insurance Company Limited will not be protected by the United Kingdom’s Financial Services Compensation Scheme if the Company should become unable to meet its liabilities to them.

The Isle of Man was the first jurisdiction to gain Designated Territory Status under the UK Financial Services Act 1986. This means that the UK regulatory authorities accept that in the principal areas of investor protection and regulation, the Isle of Man standards are at least equivalent to those in the UK. Isle of Man based insurance companies, such as CMI Insurance Company Limited, are permitted to market their products in the UK. This marketing is undertaken by Clerical Medical Financial Services Limited which is authorised and regulated by the Financial Services Authority.

CMI Insurance Company Limited and Clerical Medical Financial Services Limited are part of the HBOS Group.