EFPA FUNDS RECOVERY GROUP BIPA IS NOW A REGISTERED NON-PROFIT ORGANISATION
The Barbados Policyholders & Investors Alliance, Inc. (BIPA) is now a registered non-profit organisation. This status was recently granted by the Ministry of Finance. BIPA was established to represent aggrieved CLICO/BAICO Policyholders in their campaign to get their money back from the troubled insurance companies.
This group has been active since February 11, 2011, and now has legal standing as an officially registered entity. Chairman of BIPA’s Management Committee, Mrs. June Fowler, explains that “One of our goals is to increase BIPA’s membership by enrolling as many of the approximately 40,000 policyholders to continue to agitate for justice and to get our money back. Another important objective is to agitate for an improved regulatory framework for the insurance and financial services industry in Barbados, and for the enforcement of regulations governing the industry.”
She explained that BIPA is continuing to organise itself in order to accomplish its objectives. The group has set up a website, www.thebipa.net, which was launched at its May 25th meeting. Prospective members can register online in an easy process. BIPA also has a new email address, firstname.lastname@example.org or email@example.com, and a telephone number, (246) 230-1026, compliments of LIME.
BIPA has also set up an account at the Rockley Branch of the Bank of Nova Scotia, Account # 807458. Members can pay their membership fee directly into this account, or at any branch of Scotia Bank.
BIPA is preparing to hold an Extraordinary General Meeting for members on July 27, 2011. This meeting will be held at 6:00 p.m. at the Anne Johnson Auditorium, St. Gabriel’s School, Collymore Rock, St. Michael.
Mrs Fowler says “Policyholders wishing to join BIPA and be part of the meeting are encouraged to go online and register, and to pay the membership fee at any Scotia Bank branch before the meeting. This way they can be participants in the very important decision-making process that determines our next step in BIPA’s plan of action to get our money back.”