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  • CL-B CL-B Scope of Application

    • CL-B.1 CL-B.1 Scope

      • CL-B.1.1

        This Module, unless otherwise indicated, applies to all insurance brokers licensed by the CBB that undertake the broking of insurance contracts (see Rule AU-1.4.10) and hold client money.

        Amended: July 2023
        April 2012

      • CL-B.1.2

        Client money is money of any currency that an insurance broker receives and holds for its client when carrying on insurance mediation. It can include premiums/contributions and premium/ contribution refunds.

        Amended: July 2023
        April 2012

      • CL-B.1.3

        Reference to insurance firms throughout this Module apply to Takaful firms as well.

        April 2012

      • CL-B.1.4

        Paragraph CL-2.3.4 applies as well to insurance firms.

        April 2012

      • CL-B.1.5

        [This Paragraph was deleted in July 2023].

        Amended: July 2023
        April 2012