Skip to Content
Whole SectionText only Print Print Manager Link

GR-5.5.1

In the case of overseas insurance licenseesG , the branch must notify the CBB of any new significant ownership in excess of 50% of the issued and paid up capital of the concerned licensee'sG direct parent undertakingG as soon as the branch becomes aware. The overseas insurance firm licenseeG must provide a copy of the relevant approval by the home supervisorG of the parent. The CBB will take the appropriate action in such case.

Added: October 2015
 Versions
(1 Version)
 
Oct 1 2015 onwards
Back to top