Ramlogan says Clico policyholders cannot sue after accepting bail-out
Attorney General Anand Ramlogan says that any CLICO policyholder that decideds to take advantage of the government’s proposed pay out will not be able to sue the State aftewards. A waiver will be included in the agreement that policyholders must sign when they receive the funds, Ramlogan said. CLICO policyholders are expected to be paid out by early next year, Ramlogan said today. Deputy Chairman of the CLICO Policyholders Group, Peter Permell, yesterday advised policyholders with less than $75,000 invested in the failed financial institution "to take their money and run".









You must be logged in to post a comment.