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  • Additional Conditions

    • AU-2.8.6

      Insurance licensees must comply with any other specific requirements or restrictions imposed by the CBB on the scope of their license.

      Amended: July 2007

    • AU-2.8.7

      When granting a license, the CBB specifies the regulated insurance service that the licensee may undertake and (where relevant) the type and classes of insurance business that the licensee may undertake. Pursuant to Article 45 of the CBB Law, the CBB has the right to impose such terms and conditions, as it deems necessary when issuing a license. Licensees must respect the scope of their license. Section AU-5.4 sets out the process for varying the scope of an authorisation, should a licensee wish to undertake new regulated insurance services.

      Amended: July 2007

    • AU-2.8.8

      In addition, the CBB may impose additional restrictions or requirements, beyond those already specified in Volume 3, to address specific risks. For instance, authorisation may be granted subject to strict limitations on intra-group transactions.

      Amended: July 2007