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  • BR-3.3 BR-3.3 Accuracy of Information

    • BR-3.3.1

      An insurance licensee must take reasonable steps to ensure that all information it gives to the CBB in accordance with any parts of the Insurance Rulebook and CBB Law is:

      (a) Factually accurate or, in the case of estimates and judgements, fairly and properly based after appropriate enquiries have been made by the insurance licensee; and
      (b) Complete, in that it should include everything which the CBB would reasonably and ordinarily expect to have.
      Amended: April 2012
      Amended: October 2007
      Amended: January 2007

    • BR-3.3.2

      If an insurance licensee becomes aware, or has information that reasonably suggests that it has or may have provided the CBB with information that was or may have been false, misleading, incomplete or inaccurate, or has or may have changed in a material way, it must notify the CBB immediately. The notification must include:

      (a) Details of the information which is or may be false, misleading, incomplete or inaccurate, or has or may have changed;
      (b) An explanation why such information was or may have been provided; and
      (c) The correct information.
      Amended: January 2007

    • BR-3.3.3

      If the information in Paragraph BR-3.3.2 cannot be submitted with the notification (because it is not immediately available), it must instead be submitted as soon as possible afterwards.