... control of the regulated activities of an agency or a broker company, the IA will take a “substance over form” approach to seek to understand the actual role played by the director in the agency or broker company. The type of factors and questions the IA will consider in this respect are set out below: 2...

... - Liquidity  Other risk management policies - Actuarial - Conduct - Cyber - Claims Management - Internal Controls - Data Quality 22 8. ERM Framework Review 34 9. Own Risk and Solvency Assessment (ORSA) • Minimum requirements of ORSA Report 36 10. Reporting to the Insurance Authority and Supervisory Review 40...

... arrangements or holding structures that may require adjustments to be made to eliminate double-counting? Rule 8 – Tiering approach for regulated and non-regulated entities 36 For the purposes of assessing the amount of eligible group capital of an insurance group against its GMCR and GPCR, a designated...

... - Liquidity  Other risk management policies - Actuarial - Conduct - Cyber - Claims Management - Internal Controls - Data Quality 22 8. ERM Framework Review 34 9. Own Risk and Solvency Assessment (ORSA) • Minimum requirements of ORSA Report 36 10. Reporting to the Insurance Authority and Supervisory Review 40...

... - Reinsurance and Risk Transfer - Liquidity  Other risk management policies - Actuarial - Conduct - Cyber - Claims Management - Internal Controls - Data Quality 22 8. ERM Framework Review 34 9. Own Risk and Solvency Assessment (ORSA) • Minimum requirements of ORSA Report 36 10. Reporting to the Insurance...

... eligible capital resources of “Holding Entity A”. 36 b) Definition of quantities Supervised group member Jurisdiction of incorporation MCR PCR Eligible capital resources Holding Entity A a 0 0 CRa(A) Entity B b MCRb(B) PCRb(B) CRb(B) Note: Since “Holding Entity A” is a non-regulated entity, its MCR and PCR...

... differentiation, a specific set of Important Facts Statement must be prepared for this purpose and must be used for business introduced from this type of intermediary. For the avoidance of doubt, however, Member Companies must still follow the requirement under 7.8 of the GN15 during the underwriting process for...

... Insurance Agents by Responsible Officers and Technical Representatives 36. A person shall not act as a Responsible Officer or Technical Representative for more than one insurance agent. Obligations of Insurance Agents in respect of their Responsible Officers and Technical Representatives 37. An insurance...

..., Undersecretariat of Treasury of Turkey (20 March 2013) 36. Nebraska Department of Insurance, USA (12 April 2013) 37. Insurance Regulatory and Development Authority, India(1 May 2013) 38. Capital Markets, Insurance and Savings Division, Israel (29 November 2013) 39. Financial Services Commission, Mauritius (20...

..., Undersecretariat of Treasury of Turkey (20 March 2013) 36. Nebraska Department of Insurance, USA (12 April 2013) 37. Insurance Regulatory and Development Authority, India(1 May 2013) 38. Capital Markets, Insurance and Savings Division, Israel (29 November 2013) 39. Financial Services Commission, Mauritius (20...