AA-2 AA-2 Access
AA-2.1 AA-2.1 CBB Access to Auditors
AA-2.1.1
Insurance licensees must waive any duty of confidentiality on the part of theirauditor , such that theirauditor may report to the CBB any concerns held regarding material failures by theinsurance licensee to comply with CBB requirements.Amended: January 2007
Amended: October 2007AA-2.1.2
The CBB may, as part of its on-going supervision of
insurance licensees , request meetings with a licensee'sauditor . If necessary, the CBB may direct that the meeting be held without the presence of the licensee's management orDirectors .Amended: January 2007
Amended: October 2007AA-2.2 AA-2.2 Auditor Access to Outsourcing Providers
AA-2.2.1
Paragraph RM-7.4.12 on
outsourcing agreements betweeninsurance licensees andoutsourcing providers requires licensees to ensure that their internal and externalauditors have timely access to any relevant information they may require to fulfil their responsibilities. Such access must allow them to conduct on-site examinations of theoutsourcing provider , if required.Amended: January 2007AA-2.3 AA-2.3 CBB Access to Actuaries
AA-2.3.1
Insurance licensees that appoint aRegistered Actuary orSigning Actuary in compliance with the requirements in Section AA-4.1 must waive any duty of confidentiality on the part of theactuary , such that he may report to the CBB any concerns held regarding material failures by theinsurance licensee to comply with CBB requirements.Amended: January 2007
Amended: January 2008AA-2.3.2
The CBB may, as part of its on-going supervision of
insurance licensees , request meetings with a licensee'sRegistered Actuary /Signing Actuary . If necessary, the CBB may direct that the meeting be held without the presence of the licensee's management orDirectors .Amended: January 2007
Amended: October 2007
Amended: January 2008
