…given that Court has yet to decide on Company’s future – AFCChairman of the Alliance for Change, Khemraj Ramjattan,Cheap Nike NFL Jerseys, says that it is dangerous for President Bharrat Jagdeo to continue to make pronouncements on Colonial Life Insurance Company (CLICO) Guyana, given that the Court is yet to pronounce on the future of the company.Ramjattan was referring specifically to statements by the President whereby he was telling policyholders that their interest in CLICO (Guyana) was safe, and that they should continue to pay premiums.Ramjattan also said that the guarantee by the President has yet to be backed up with a detailed strategy, adding that if the company failed to acquire its assets in CLICO (Bahamas) then, for the guarantee to become a reality, a supplementary appropriation will have to be sought from the National Assembly to authorise the use of tax payers’ money to pay for the mishaps of a private company.According to Ramjattan,Wholesale NFL Jerseys, any pronouncement to policyholders on any future transactions with the company must be made by the High Court or with the Judicial Manager, which in this case is Maria van Beek, the Commissioner of Insurance.He added also that what was very unprofessional was the deafening silence from the Judicial Manager. “It is strange that van Beek is not speaking.”According to Ramjattan, President Jagdeo should stop interfering with the process and allow the appointed persons to do their job, and “allow them to operate independently.” rior to his departure to Washington DC for a Climate Change Conference, Head of State Bharrat Jagdeo urged CLICO policyholders to continue paying their premiums.The Head of State said that the company can guarantee all claims,Wholesale Jerseys Store, whether these are medically related or vehicular.Speaking with the media, President Jagdeo said that if someone were to seek medical help now,Carlton Fisk Jersey, had a fire or had a vehicle accident, and his premiums were up to date,Cheap Jerseys Wholesale, then the claim would be processed as is normal.“So persons are to continue paying premiums regardless of what they are seeing. Even the cheques that are in limbo,Cheap China Jerseys, and many people who have received these cheques and are waiting, just give us a few days more to go through that issue. But know that the money will not be lost.”He added, “In Guyana people are not going to lose their money. We had no intention to deceive, and now that they have sold policies to people the Government has taken different steps from the Bahamas.” |
