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TC-1.1.1

Individuals occupying controlled functions (refer to Section AU-1.2) in an insurance licensee must be qualified and suitably experienced for their specific roles and responsibilities. The approved persons are those of:

(a) Board Member/ Director;
(b) Chief Executive Officer or General Manager and their Deputies;
(c) Chief Financial Officer and/or Head of Finance;
(d) Compliance Officer;
(e) Chief Risk Officer/ Head of Risk Management;
(f) Head of Internal Audit;
(g) Internal Shari’a Reviewer (where applicable);
(h) Head of Underwriting;
(i) Head of Claims;
(j) Head of Sales and Marketing/Head of Business Development
(k) Heads of other Functions (including IT and HR functions);
(l) Money Laundering Reporting Officer/ Deputy Money Laundering Reporting Officer;
(m) Unit-linked investment adviser (where applicable); and
(n) Signing Actuary (where the function is undertaken by a Director or an employee of the insurance firm).
Added: October 2020