IoMA Key Facts
Isle of Man Insurance (IOMA) is the insurer for Driverguard policies. This is their Key Facts statement.
About our insurance services
Isle of Man Assurance Limited
1. The Financial Conduct Authority (FCA)
The FCA is the independent watchdog that regulates financial services. It requires us to give you this document. Use this information to decide if our services are right for you.
2. Whose products do we offer?
We offer our own products as an insurance product provider. We offer both Life Assurance Products and General Insurance products.
3. Which service will we provide you with?
You will not receive advice or a recommendation from us.
4. What will you have to pay for our services?
As a product provider we do not charge fees for our services however our charges are applied to the policy as part of the premium.
5. Who regulates us?
Isle of Man Assurance Limited is authorised and regulated by the Financial Conduct Authority for UK business. Our FCA Register Number is 142307.
Our permitted business in respect of General Insurance business is arranging deals in non investment insurance contracts and dealing as an agent in non investment insurance contracts.
The Financial Conduct Authority does not supervise the management and solvency of Isle of Man Assurance Limited, who are not subject to the same regulatory system as that applicable in the United Kingdom.
You can check this on the FCA’s Register by visiting the FCA’s website www.fca.org.uk/register or by contacting the FCA on 0800 111 6768.
IOMA Limited is an Isle of Man company authorized by the Isle of Man Government Insurance and Pensions Authority.
6. What to do if you have a complaint?
If you wish to register a complaint please contact us:
In writing The Compliance Director, Isle of Man Assurance Limited, IOMA House, Hope Street, Douglas, Isle of Man, IM1 1AP.
By phone 01624 681200
If you cannot settle your complaint with us, you cannot refer it to the Financial Ombudsman Service in the UK. However, you may have a right of referral to the Isle of Man Ombudsman - the Isle of Man Financial Services Ombudsman Scheme.
7. Are we covered by the Financial Services Compensation Scheme? (FSCS)
We are not covered by the FSCS which is the UK scheme.
Rev 1 Nov 2013