BR-2.2.9
Past version: Effective from 19 Jul 2025 to 30 Jun 2007
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For the purposes of this chapter, in determining whether a matter is significant, an
(a) the size of any monetary loss or potential monetary loss to itself or its customers (either in terms of a single incident or group of similar or related incidents);
(b) the risk of reputational loss to the insurance licensee ; and
(c) whether the incident or a pattern of incidents reflects weaknesses in the insurance licensee's internal controls.