R&Q Insurance (IOM) Limited

Authorised Insurer

Registered OfficeThird Floor, St George's Court, Upper Church Street, Douglas, Isle of Man, IM1 1EE
Firm StatusLicenced
Date Authorisation/Registration CeasedN/A
Licence NumberAI0214
Closed To New Business?No
Insurance ManagerAon Insurance Managers (Isle of Man) Limited
Classes/Categories Of Regulated Activity Date From Date To Status
Reinsurance - Class 11 - Reinsurance of contracts within classes 3 to 9 18 March 1996 30 June 2022 Lapsed
Restricted - Class 12 - Contracts within classes 1 to 11 compliant with Schedule 1 requirements 18 March 1996 01 March 2024 Surrendered
General Business - Class 3 - Marine, aviation and transport 01 March 2024 N/A Active
General Business - Class 4 - Property, excluding contracts within classes 3 or 5 01 March 2024 N/A Active
General Business - Class 5 - Motor 01 March 2024 N/A Active
General Business - Class 6 - Pecuniary loss 01 March 2024 N/A Active
General Business - Class 7 - Liability other than contracts within classes 3 or 5 01 March 2024 N/A Active
General Business - Class 8 - Credit and suretyship 01 March 2024 N/A Active
General Business - Class 9 - Personal miscellaneous, including accident, health and disability 01 March 2024 N/A Active
Conditions Text
  1. Maintain in force an election under Section 203 (filing of the register of members) of the Companies Act 2006;
  2. Register, under Section 138 (registration of charges) of the Companies Act 2006, any charges created over its property;
  3. Maintain up to date copies of the minutes of meetings and resolutions respectively of its directors, members, committees of directors and classes of members, as referred to in Section 79 (other records to be maintained by the Company) and 84 (records and common seal), at its business premises in the Isle of Man or at the office of the its registered agent;
  4. Notify the Authority without delay as soon as it becomes aware of any intention of its registered agent to resign as its registered agent under Section 76 (resignation of registered agent) or Section 77 (registered agent ceasing to be eligible to act) of the 2006 Act, or of its intention to change its registered agent under Section 74 (change of registered office or registered agent) of the 2006 Act;
  5. Have only natural persons as directors;
  6. Without prejudice to any other applicable regulatory requirement, have at least two directors;
  7. Advance approval from the Authority prior to any restructuring including any reductions in share capital;
  8. Advance approval from the Authority prior to any merger, consolidation or amalgamation; and
  9. Advance approval from the Authority prior to re-registering as a 1931 Act company.