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  • AU-2.4 AU-2.4 Condition 4: Board and Employees

    • AU-2.4.1

      In accordance with Article 65 of the CBB Law, those nominated to carry out controlled functions must satisfy the CBB's approved persons requirements.

      Amended: July 2007

    • AU-2.4.2

      The definition of controlled functions is contained in Section AU-1.2, whilst Chapter AU-3 sets out the CBB's approved persons requirements.

      Amended: July 2007

    • AU-2.4.3

      The insurance licensee's staff, taken together, must collectively provide a sufficient range of skills and experience to manage the affairs of the licensee in a sound and prudent manner. Insurance licensees must ensure their employees meet any training and competency requirements specified by the CBB.

      Amended: July 2007