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  • AU-1.3A AU-1.3A Registered Appointed Representatives

    • AU-1.3A.1

      In accordance with Resolution 11 issued under Article 74 of the CBB Law, a person may not be appointed by a licensed principal as an appointed representative, without being registered as such with the CBB.

      Adopted: October 2009

    • AU-1.3A.2

      For the purposes of Paragraph AU-1.3A.1, an appointed representative is defined as an agent, who is not licensed by the CBB as insurance firm, insurance broker or insurance consultant, appointed by an insurance firm (licensed principal) as its representative according to the rules in Chapter GR-9.

      Adopted: October 2009

    • AU-1.3A.3

      For the purposes of Paragraph AU-1.3A.1, an insurance firm must submit a confirmation that the appointed representative meets the criteria for appointment and the licensee will be able to meet the on-going requirements stipulated in Chapter GR-9.

      Added: July 2023

    • AU-1.3A.4

      Insurance firms must notify the CBB when an arrangement with an appointed representative is terminated within 5 working days of such termination.

      Added: July 2023

    • AU-1.3A.5

      Should the appointed representative fail to comply with the requirements outlined in Chapter GR-9 the CBB may cancel the registration status if it deems necessary to do so (see Chapter EN-9).

      Added: July 2023