The Monetary Conduct Authority has taken motion to cease Arthur Temlett, buying and selling as Abacus Insurance coverage Consultants, from finishing up any regulated actions, together with appearing as an insurance coverage dealer.
The watchdog yesterday set out that it was involved that the Dumfries and Galloway-based Abacus Insurance coverage might have been promoting dwelling and motor insurance coverage and never passing premium funds on to insurers.
The regulator said it was “working with the related authorities to evaluate the state of affairs”.
If they’re uninsured, they need to prepare various cowl instantly.
It suggested clients who had bought automotive and residential insurance coverage from Arthur Temlett to contact their insurance coverage suppliers on to
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