Regulatory Alerts2011-05-20 | cba-blob-8577State Decree on Representatives of Foreign Insurance Companies in Aruba
The Governor of Aruba issued this State Decree to establish regulatory requirements for foreign insurers appointing local representatives to conduct business in Aruba. The decree mandates that insurers submit specific appointment instruments to the Central Bank and ensures that the representative's address serves as the insurer's official local address for compliance and record-keeping. It further details the procedures for replacing representatives, notifying changes to legal entities, and restricting the representative's power to dispose of assets.
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