BERMUDA MONETARY AUTHORITY

← Back to document page

1 BERMUDA MONETARY AUTHORITY CONSULTATION PAPER REVISIONS TO THE INSURANCE CODE OF CONDUCT December 2021 2 TABLE OF CONTENTS I. Introduction ........................................ ........................................ ........................................ ............ 3 II. Proposals ........................................ ........................................ ........................................ ................. 3 Brief Description of Proposed Changes ........................................ ........................................ .............. 3 III. Conclusion.

insurer’s nature, scale and complexity. 5.6. The proportionality principle is applicablediscussed above applies to all sections of the Code regardless of whether the principle is explicitly mentioned. 6.7. Limited purpose insurers, in particular, should be mindful of the proportionality

  Scale, Mindful