The Mauritius Financial Services Commission (FSC) has announced that J. Kalachand & Co Ltd has surrendered its insurance agent licence and that the licence has been terminated with immediate effect. The FSC stated that the surrender was made in accordance with section 111 of the Insurance Act 2005 and that, pursuant to section 28(9) of the Financial Services Act 2007, Insurance Agent Licence No. AI08000323 issued to J. Kalachand & Co Ltd is terminated.
Mauritius Financial Services Commission 2025-05-16
Mauritius Financial Services Commission terminates J. Kalachand & Co Ltd’s insurance agent licence after surrender
The Mauritius Financial Services Commission announced the immediate termination of J. Kalachand & Co Ltd's insurance agent licence following its surrender. This action was taken in accordance with section 111 of the Insurance Act 2005 and section 28(9) of the Financial Services Act 2007.