Policy holders, in St. Vincent and the Grenadines who lost money when the British American Insurance Company Limited (BAICO) collapsed back in 2009, are receiving some of their money this week.
Policy holders will receive pay outs which will take place at the office of the judicial manager, Brian Glasgow of KPMG.
According to Mr. Glasgow, policyholders will receive 10 percent of the value they have in British America.
Persons whose last names begin with A through G will receive their money today.
Tomorrow, the names H through N would be paid.
Policyholders are required to provide copies of valid identification in order to receive payments.
Persons authorized to receive funds on behalf of policyholders are required to provide appropriate documentation and copies of valid identification for both policyholder and the authorized personnel.
