A Waiver for Home Protector Insurance by Ministry of Finance

The Public Service Union is questioning a write-off for an outstanding amount owed by Home Protector Insurance to the Government of Belize.  In a letter written by the Minister of Finance, Prime Minister John Briceño, on August seventeenth, General Manager Norman Moore is informed that he is to pay an outstanding pro-rated annual license fee of roughly one hundred thousand dollars in two installments.  What is yet to be ascertained is the actual amount owed to the government by the insurance company.  What we do know is that a memorandum of appeal was submitted by Home Protector Insurance.  Earlier today, News Five spoke with P.S.U. President Dean Flowers.

Dean Flowers

Dean Flowers, President, P.S.U.

“As it relates to the letter that was shared with us, as well I believe with the media this morning, in relation to an outstanding administration fee I believe it is for Home Protector [Insurance].  I think my comments with regards to that letter would be limited to say that any entity or individual that owes this government has a right to negotiate a payment plan.  We all do that, whether it be with the banks that we owe or other creditors and so I don’t think an arrangement for a two-part payment should be blown out of proportion.  What I believe the union has a problem with is the fact that the prime minister is saying that all the penalties, all the interest is hereby waived if you are able to settle your principal debt within these two payments.  Now Home Protector, like every other insurance company within this country has been operating for years.  They have their customers and I am pretty sure that as a customer of any insurance company we don’t have the luxury to carry on with an insurance company to have coverage without paying our premiums.  If it is that Home Protector was allowed to operate and make money off of its company without having the requisite, without having paid for the requisite license and fees to do so then I don’t see why is it that the Belizean people who have already paid for services to them must now suffer for their penalties which by the way they have already earned off the backs of their customers.  So that should not have been any problem.”