The FSA has issued a warning about motor broker Double Easy Brokers, which traded as Eeasybrokers.
The company, which has ceased trading, was not authorised by the FSA and was offering invalid motor insurance policies, said the regulator.
“Although Eeasybrokers appears to have ceased trading it is possible that policies issued by Double Easy Brokers Ltd may have been or continue to be sold by franchisees and/or other intermediaries,” the FSA warned.
Consumers would be committing a criminal offence by driving without valid insurance cover.
Double Easy Brokers Ltd claimed association with Zurich Insurance Company, but is not affiliated with Zurich in any way. Double Easy Brokers Ltd also falsely claimed that it was authorised to issue the policies in Zurich's name.
The FSA said it knew of only a limited number of invalid policies that were sold to consumers in the Cardiff, Leeds and Southampton areas. But, because policies may have also been sold by franchises, the extent and location of the sales could be greater.
“Double Easy Brokers traded through its website in a style identical to that of easyMoney.com Car Insurance. However, neither easyMoney.com nor any other company within the easyGroup group of companies has any affiliation with Double Easy Brokers,” said the FSA.
“Both Zurich and easyGroup brought this matter to the FSA's attention and provided information on the activities of Double Easy Brokers.”
