FSA bans pet insurance broker in enforcement first
The Financial Services Authority (FSA) has banned David Holland, sole director of Flett Sinclair Insurance Brokers (FSIB) and Petsure, for misusing customers' assets, the first time the FSA has taken action against a pet insurance intermediary.
From September 2005 to May 2007, Mr Holland marketed and sold pet insurance policies to customers through Petsure, an agency of FSIB.
During that period he:
• placed premiums amounting to at least
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