Transcription of BERMUDA MONETARY AUTHORITY
{{id}} {{{paragraph}}}
Example: confidence
BERMUDA MONETARY AUTHORITY
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 .. 5 APPENDICES: 1 Proposed Amendments to the Insurance Code of Conduct (Redline Version) 3 I. INTRODUCTION 1. The BERMUDA MONETARY AUTHORITY ( AUTHORITY or BMA) is committed to enhancing its regulatory framework to ensure that it remains effective and aligned with international standards. The AUTHORITY also aims to position the design of its regime to address emerging issues. 2. The Insurance Code of Conduct (Code) is being amended considering the international standards set out by the International Association of Insurance Supervisors.
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
Loading..
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: