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BR-2.2.1

Past version: Effective from 19 Jul 2025 to 30 Jun 2007
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An insurance licensee must provide written notification to the BMA immediately it becomes aware, or has information which reasonably suggests, that any of the following has occurred, may have occurred or may occur in the foreseeable future:

(a) the insurance licensee failing to satisfy one or more of the Principles of Business referred to in Module PB;
(b) any matter which could have a significant adverse impact on the insurance licensee's reputation;
(c) any matter which could affect the insurance licensee's ability to continue to provide adequate services to its customers and which could result in serious detriment to a customer of the insurance licensee; or
(d) any matter in respect of the insurance licensee that could result in serious financial consequences to the financial system or to other insurance licensees.