Oldbury-based broker may not be passing on premiums to insurers
The FSA has issued a warning about A Razzaq Insurance Brokers amid concerns about the validity of cover arranged through the company.
The regulator urged customers of A Razzaq Insurance brokers, based in Oldbury, West Midlands, to check they had valid insurance in place because there was a risk that the firm did not always pass on their insurance premiums to insurers. Any customer in this position may not have valid insurance cover in place.
The FSA said: “If you took out a motor insurance policy through A Razzaq Insurance Brokers then, without valid third-party insurance, you may be committing an offence if you use a vehicle on the public highway under the provisions of the Road Traffic Act 1988. If you are a customer of A Razzaq Insurance Brokers and are in any doubt as to whether you have valid insurance, you are strongly advised to contact the insurance company with whom you believe your policy is held, to check. If you discover you are not covered, you should take immediate steps to arrange new cover.”
A Razzaq Insurance Brokers operates from offices at 342 Londonderry Road, Oldbury, West Midlands, B68 9NB
