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This Module aims to encourage high standards of business conduct, which are broadly applicable to all licensees, all types of direct insuranceG business (i.e. excluding reinsurance), and all types of customersG . However, it is recognized that some types of licensees or business (such as captive insurance or commercial insurance) may present lower regulatory risks in relation to business conduct. For these types of business, the CBB therefore accepts that less detailed arrangements are likely to be sufficient to implement the principles contained in this Module. The CBB will monitor the regulatory performance of the market, and may in due course allow for specific exemptions or relaxations for certain types of business or licensees (see also BC-1.1.11 and BC-1.1.12).

Amended: January 2007
(2 Versions)
Up to Jun 30 2007Jul 1 2007 onwards
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