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  • ES-1.5 ES-1.5 Module AA — Auditors and Actuaries

    • ES-1.5.1

      Module AA deals with requirements on the appointment and functions of auditors and actuaries of insurance licensees. Requirements dealing with actuaries only apply to insurance firms and are not applicable to insurance intermediaries and insurance managers.

      Amended: January 2007

    • ES-1.5.2

      The auditor requirements deal with:

      (a) The appointment of auditors;
      (b) The removal and resignation of auditors;
      (c) Audit partner rotation;
      (d) Auditor independence; and
      (e) Restrictions on the relationship between the insurance licensee and the auditor.
      Amended: January 2007

    • ES-1.5.3

      The Module covers the CBB's requirements regarding access to auditors and actuaries as well as the auditors' access to outsourcing providers. In addition, the Module outlines the requirement for insurance licensees to arrange for their auditors to review the licensee's annual return submitted to the CBB.

      Amended: January 2007

    • ES-1.5.4

      Module AA provides requirements for both Registered Actuaries and Signing Actuaries.

      Amended: October 2009
      Amended: January 2007