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AU-5.5.6

In accordance with Paragraph AU-5.2.6, insurance licenseesG must promptly notify the CBB in writing when a person undertaking a controlled functionG will no longer be carrying out that function. If a controlled functionG falls vacant, the insurance licenseeG must appoint a permanent replacement (after obtaining CBB approval), within 120 calendar days of the vacancy occurring. Pending the appointment of a permanent replacement, the insurance licenseeG must make immediate interim arrangements to ensure continuity of the duties and responsibilities of the controlled functionG affected. These interim arrangements must be approved by the CBB.

Amended: July 2007
Amended: April 2008
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