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CI-4.1.4

Captive insurance firms must disclose to the CBB material information about changes in their situation including (but not limited to):

(a) Significant breaches in Rules and other requirements;
(b) Legal, professional, administrative and other proceedings, fraud, errors and other irregularities;
(c) Financial difficulties, breach of minimum solvency requirements, insolvency, bankruptcy, winding-up;
(d) Changes in auditors and actuaries;
(e) Changes in address, legal status etc.; and
(f) Changes in controllers and close links.
Rulebook Reference BR-2.2.4
BR-2.2.6 to BR-2.2.8
BR-2.2.11
BR-2.3.29
BR-2.3.3 and BR-2.3.4
BR-2.3.7
Amended: January 2007
Amended: October 2007