BR-2.2.11
Past version: Effective from 01 Jul 2007 to 31 Mar 2010
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Except in instances where the CBB has initiated the following actions, an
(a) The calling of a meeting to consider a resolution for winding up the insurance licensee , a controller or close link , including a parent undertaking of the insurance licensee ;
(b) An application to dissolve the insurance licensee , a controller or close link , including a parent undertaking of the insurance licensee or to strike the insurance licensee off the Register of Insurance Companies;
(c) The presentation of a petition for the winding up of the insurance licensee , a controller or close link , including a parent undertaking of the insurance licensee ;
(d) The making of any proposals for the making of a composition or arrangement with any one or more of the insurance licensee's creditors;
(e) An application for the appointment of an administrator or trustee in bankruptcy to the insurance licensee , a controller or close link , including a parent undertaking of the insurance licensee ;
(f) The appointment of a receiver to the insurance licensee , a controller or close link , including a parent undertaking of the insurance licensee (whether an administrative receiver or a receiver appointed over particular property); or
(g) An application for an interim order against the insurance licensee , a controller or close link , including a parent undertaking of the insurance licensee under the Bankruptcy and Preventative Settlement Act, Decree Law No (11), 1987 or similar legislation in another jurisdiction.
Amended: January 2007