Regulatory Alerts2018-06-26
Added · Updated
Notes to the application form for authorisation to pursue the business of an insurer
The document specifies the requirements for applicants seeking authorization to operate as an insurer, detailing the necessary business, recovery, and resolution plans. It mandates specific financial projections, solvency calculations, and documentation for various insurance classes, including health, motor vehicle liability, and legal assistance. The notes outline obligations for controlled business operations, ethical standards, and the integrity of policymakers, while defining thresholds for Basic versus Solvency II authorization based on premium income and technical provisions.