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…Commissioner of Insurance can give no guarantees – Panday Senior insurance broker Bishwa Panday of P&P Insurance Brokers is advising clients that coming out of a meeting with Commissioner of Insurance Maria van Beek it is clear she can give no guarantees on the way forward as to the Financial position of Colonial Life Insurance Company (CLICO).Senior insurance broker Bishwa PandayThe Insurance broker is therefore advising that it would be risky for clients to rely on CLICO to honour any claims that may be made in the future and recommends that coverage be alternatively placed.The meeting between Panday and van Beek occurred on Monday last, some four days after she was appointed Judicial Manager of the Company, subject to a court order.This is in stark contrast to pronouncements by President Jagdeo,China Jerseys Online, who said that all of CLICO claims are guaranteed.During a press briefing prior to his departure for a Climate Change conference in Washington DC, the president said that persons who have insurance policies at CLICO should continue paying their premiums given that the company could guarantee all claims, whether medical or vehicular.“So persons are to continue paying premiums regardless of what they are seeing….Even the cheques that are in limbo 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…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.”When contacted for a comment yesterday, Panday told this newspaper’s that he was encouraged by the statements by the President but was still awaiting word from the Commissioner of Insurance on exactly how the guarantees would be realized.According to Panday, he was anxiously awaiting such word,Wholesale Jerseys Online, but to date has not heard from the Commissioner.Panday’s advice also comes in the wake of pronouncements by the Alliance for Change that the President,Cheap NFL Jerseys Online, the Finance Minister and Commissioner merely accepted the false status reports from the CEO of CLICO (Guyana), who right now should be seeking the services of a competent criminal lawyer.According to the party’s Chairman Khemraj Ramjattan,Cheap Jerseys Online, “The AFC, realizing the trauma this will cause on policyholders,Wholesale NFL Jerseys Online, will be setting up a legal team to provide legal services towards finding tangible remedies, as far as this is possible, for these policyholders…the AFC will seek to immediately convene a meeting of the Economic Services Committee to have an enquiry into this financial fiasco for purposes of not only settling the issues beyond doubt as to those who were responsible for it,NFL Jerseys China Online, but to make recommendations as to how a crisis like this could be avoided in future.”