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CI-2.5.1

Captive insurers are expected to maintain books and records sufficient to produce financial statements and show a record of the business undertaken. Where this function is carried out by an insurance manager, the captive insurer should ensure that the CBB has access to these records at any time and these should be sufficient to allow an audit of the insurer's business or an on-site examination of the captive insurer by the CBB.

Rulebook Reference GR-1.1
Amended: January 2007