Complaint Review: Bountiful Assurance - New Providence Nassua

Warning: Do not work with this company, and call the government to check licenses if you do!!!!! 

Bountiful Assurance LTD. and LLC. is a non-licensed, non-registered entity that attempts to sell Insurance and take Premiums without having any carriers to sell to or from.  Michael Kelly and Michael Miller are two conmen who attempt to charge customers in the financial risk business, and cannot perform.   This has been such an issue that the Gov. of the Bahamas had to issue a Public Notice of this (written below).  

Michael Kelly has attempted to dupe clients out of money by setting up a US "Bountiful Assurance, LLC.", out of Florida.  You can look up this company as well, which has no licenses or registration with the Insurance division in the state of florida as well.

These two conmen attempt to sell a binder backed by Liberty Mutual, Catalyn, AXA XL as well as other carriers they list in their binders or docs.  They also state that they will use a NY Trust that has the carriers.  This website does not have a phone number either and cannot be reached.  The policies they issue cannot be confirmed by these carriers as they have no knowledge of Bountiful Assurance.     

Getting Insurance licenses and setting up brokerages is not hard in any country, but these gents do not want to do it the legal way, and are conning people out of money.  Read the notice below from the Bahamas...

Here is the address of Bountiful Assurance Below:

Corporate Office: 

P.O. Box SS6240, Shirley Street, Nassau, New Providence, Bahamas

Bountiful Assurance Ltd

Building 7 International Bazaar

Freeport, GBI, Bahamas

Phone: 800-311-3415

(Below can be seen online) (I will attache the letter to RipOff-report if possible).

This is a letter from the government of The Bahamas, Insurance Division:

PUBLIC ALERT Re: Bountiful Assurance No.1 of 2020 5 th February 2020 The general public is hereby notified that Bountiful Assurance, Ltd is not a licensee or registrant of the Insurance Commission of The Bahamas (the Commission) and is therefore not authorized to conduct insurance business in or from The Bahamas.

Therefore, the conduct of insurance business by Bountiful Assurance, Ltd,, their agents or consultants in or from The Bahamas is a violation of both the Insurance Act and the External Insurance Act and should be reported to the Commission immediately.

Further, if Bountiful Assurance, Ltd, their agents or consultants, hold themselves out in any way as fully compliant and bona fide, by the sale of insurance products or offering of insurance services to any person outside of their membership under the Friendly Societies Act they are committing an offence and are liable for criminal prosecution and regulatory sanctions under the laws of the Commonwealth of The Bahamas.

Signed Michele Fields

Superintendent of Insurance 

Below is Michael Kelly's Florida company in which he has bank accounts with, and still uses the website out of the Bahamas to run his business.  

Bountiful Assurance LLc is a corporation in Charlotte, North Carolina. The employer identification number (EIN) for Bountiful Assurance Llc is 462628906. EIN for organizations is sometimes also referred to as taxpayer identification number (TIN) or FEIN or simply IRS Number. 

Bountiful Assurance Llc is incorporated in Florida and the latest report filing was done in 2019. The corporation type for Bountiful Assurance Llc is Florida Limited Liability Co.. The florida registered agent for Bountiful Assurance Llc is Kelly Michael.

Basic Profile

Organization NameBountiful Assurance LlcIRS EIN (Taxpayer Id)46-2628906

Organization TypeFlorida Limited Liability Co.Company StatusActiveBusiness Address11605 James Jack Ln, ,

Charlotte,

North Carolina, 28277Mailing Address11605 James Jack Ln, ,

Charlotte,

North Carolina, 28277

US Registered Agent:

The registered agent for Bountiful Assurance Llc is Kelly Michael. Registered agent is a business or individual designated to receive important communication like legal notice or summons and important paperwork sent by state for periodic renewal of the business entity's charter (if required).

Registered Agent Name

Kelly Michael

Registered Agent Type

Person Registered Agent

Address: 11605 JAMES JACK LN,

CHARLOTTE, FL, 28277