Back Custom print Link Text Only Rich Text Print

  • AA-1.2 AA-1.2 Removal or Resignation of Auditor

    • AA-1.2.1

      Insurance licensees must notify the CBB as soon as they intend to remove their auditor, with an explanation of their decision, or as soon as their auditor resigns.

      Amended: January 2007Amended: October 2007
      Amended: October 2007

    • AA-1.2.2

      Insurance licensees must ensure that a replacement auditor is appointed (subject to CBB approval as per Section AA-1.1), as soon as reasonably practicable after a vacancy occurs, but no later than three months.

      Amended: January 2007

    • AA-1.2.3

      In accordance with the powers granted to the CBB under Article 63 of the CBB Law, auditors of insurance licensees must inform the CBB in writing, should they resign or their appointment as auditor be terminated, within 30 calendar days of the event occurring, setting out the reasons for the resignation or removal.

      Amended: January 2007