Former CLICO employee and policyholder Lincoln Deal said the continued inaction by the government to resolve the CLICO matter has left him feeling "demoralized".
Deal called on the Christie administration to indicate whether it intends to honor a $30 million guarantee for CLICO policies.
In June 2013, Minister of State for Finance Michael Halkitis said the government intended to bring a resolution to the CLICO liquidation by the end of that year.
However, that has yet to happen, and Deal questioned whether the government has taken any steps at all to honor the commitment to guarantee the 13,000 Bahamian policies, which have been in limbo since the insurer's February 2009 liquidation order.
Deal, 53, was one of more than 100 people who lost their jobs at CLICO after it was declared insolvent. He said he never received a "single cent" when he was laid off.
He also noted that thousands of Bahamians invested millions in the insurance company.
"It's very demoralizing that, after all of these years, the FNM government and the PLP seems to be almost hopeless," he said.
"...But it's an indictment to this government, in particular, because they came into office saying they would deal with this matter. Two-and-a-half years later the situation continues and nothing seems to be in the mill. They don't even talk about it now.
"We had employees who lost homes; children had to come out of private schools; people's cars were repossessed and not one cent from them... The government just needs to address the matter."
In late December 2013, the International Monetary Fund (IMF), which monitors the stability of this country's financial sector and economy overall, called on the government to "urgently address" the CLICO (Bahamas) situation by outlining the terms of a government guarantee.
When contacted yesterday, Halkitis said he could not comment on the matter.
But Bishop Simeon Hall, another policyholder, said it's time for the government to end its silence on the matter.
"As somebody who lost a lot of money...I want to encourage the government to make some effort to regularize this situation, because there are persons who have been marginalized," he said.
"I think a lot of people who were with CLICO are under great mental stress at this time because of the absence of any resolution.
"I recognize that money is tight all around, but I think the government should use some creative ways to answer the people who have been affected by this unpleasant situation."
Hall added that since the matter came to a head, too many politicians have used the issue to get mileage.
Democratic National Alliance (DNA) Leader Branville McCartney is also seeking answers. He charged yesterday that it appears as if the Progressive Liberal Party (PLP) sold the Bahamian people a dream.
"The Democratic National Alliance demands to know what, if anything, is this government prepared to do to provide closure for the thousands of former CLICO customers," he said in a statement.
"The time has come to make the necessary legislative changes to the Insurance Act to ensure that the rights of Bahamians are protected in the future.
"This government should not be allowed to falter on yet another of its promises to the people of The Bahamas. Believe in Bahamians. Protect their interests."
McCartney added that the both the former Ingraham administration and the Christie administration have failed to help the policyholders.
The government guarantee was intended to allow for the transfer of the CLICO (Bahamas) policy portfolio to another life and health insurer, as no other underwriter would purchase the portfolio without it.

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