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  • 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