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AU-2.2.5

The CBB's overall approach to captive insurersG is summarized in Module CI. The day-to-day operations of captive insurersG are typically outsourced to specialist captive managers, and Paragraph AU-2.2.4 allows for this possibility. The CBB requires captive managers providing services to CBB-licensed captive insurersG to be also licensed by the CBB and thus also to have a substantive presence within the Kingdom.

Amended: July 2007
Amended: October 2007
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