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  • HC-10.5 HC-10.5 Remuneration of Approved Persons

    • HC-10.5.1

      The insurance consultants, insurance managers, insurance aggregators and captive insurance firms should remunerate approved persons fairly and responsibly.

      Amended: October 2019
      January 2011

    • HC-10.5.2

      Remuneration of approved persons should be sufficient enough to attract, retain and motivate persons of the quality needed to run the insurance consultants, insurance managers, insurance aggregators and captive insurance firms successfully, but the insurance consultants, insurance managers, insurance aggregators and captive insurance firms should avoid paying more than is necessary for that purpose.

      Amended: October 2019
      January 2011