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  • AU-2.7 AU-2.7 Condition 7: External Auditors and Reporting Actuaries

    • AU-2.7.1

      Article 61 of the CBB Law requires that insurance licensees appoint external auditors, subject to prior CBB approval. The minimum requirements regarding auditors contained in Module AA (Auditors and Actuaries) must be met.

      Amended: July 2007

    • AU-2.7.2

      Article 72 of the CBB Law requires that insurance firms authorised to undertake long-term business appoint an actuary, subject to prior CBB approval. The minimum requirements contained in Module AA (Auditors and Actuaries) regarding actuaries must be met at all times.

      Amended: July 2007
      Amended: October 2007

    • AU-2.7.3

      Applicants must submit details of their proposed external auditors and, where relevant, actuary, to the CBB as part of their license application.

      Amended: July 2007
      Amended: October 2007