On the FCA website under you registration number it states that you are unable to hold client money. Could you explain the implication of this?
This is for the protection of our clients as we are contracted with our underwriters on a risk transfer basis, which is explained below:
Intasure act as an appointed agent of the insurer in relation to premium receipt from clients. The premiums paid by clients to Intasure are deemed to be received on behalf of the insurer and thus the client is afforded full protection of his payment in the event of any misappropriation.