Submitted by St George’s Dragon
Politicians just don’t get it do they?
The money in CLICO is public money yet Chris Sinckler is in the papers today saying that he would deem it “irresponsible” and “highly unusual” for the Judicial Manager’s interim report on CLICO to be released to the public. This after the BAICO report has only been made available to those who make the trip to the FCS’s offices – no copying allowed.
Mr Sinckler should refamiliarise himself with the revised Insurance Act of Barbados under which the Judicial Manager is appointed. The preamble to the Act says it’s purpose is to “to strengthen the protection given to policy holders under the existing Act”. The main thrust of the Judicial Manager is to protect the interests of the policy holders.
Section 61 (3) of the Act says the (final) report “or a copy of the report shall be open for inspection by any person during official hours, at the registry of the court in which the report is filed or at such place as the Supervisor determines.” The intention of the Act is to protect the public’s money; the role of the Judicial manger is to do the same.
It is scandalous that the interim report is not available to the policy holders. Stop the paternal politics and put it on the internet Mr Sinckler.