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  • CA-1.1 CA-1.1 General Requirements

    • CA-1.1.1

      In accordance with Principle of Business 9, insurance licensees must maintain adequate human, financial and other resources sufficient to run their business in an orderly manner.

    • CA-1.1.2

      In the event that an insurance licensee fails to meet the capital and solvency margin requirements outlined in this Module, it must, on becoming aware that it has breached these Rules, notify the CBB immediately and within 25 calendar days submit a plan to the CBB demonstrating how its capital available will be restored and the timeframe for that restoration to occur.

      Amended: January 2007

    • CA-1.1.3

      Should the insurance licensee fail to meet the requirements of this Module, the CBB may impose enforcement measures outlined in Module EN.

      Amended: January 2007

    • CA-1.1.4

      Unless otherwise indicated, all insurance licensees must implement the requirements of Module CA, effective 31 December 2005 (Refer to ES-2.5.1).

      Amended: January 2007