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  • Other Prior Approvals Required

    • BR-2.3.29

      An insurance licensee must seek prior approval from the CBB for the following:

      (a) [This Sub-paragraph was deleted in January 2023];
      (b) Appointment or re-appointment of external auditors (ref. AU-2.7.1 and AA-1.1.1);
      (c) Appointment of actuary (ref. AU-2.7.2 and AA-4.1.1);
      (d) Appointment of persons undertaking a controlled function in an insurance licensee (ref. AU-1.2.1);
      (e) Appointment or cancellation of appointment of an insurance manager in accordance with AU-2.2.4; and
      (f) Any material changes or proposed changes to the information provided to the CBB in support of an authorisation application that occurs after authorisation has been granted. Insurance licensees must, in particular, seek prior CBB approval before undertaking activities in new classes of insurance. (ref. AU-5.4.1).
      Amended: January 2023
      Amended: October 2014
      Amended: January 2007
      Amended: October 2007