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In accordance with Article 50 of the CBB Law, insurance licenseesG wishing to cancel their license or cease activities for a branch must obtain the CBB's written approval, before ceasing their activities. All such requests must be made in writing to the Director, Insurance Supervision Directorate, setting out in full the reasons for the request and how the business is to be wound up.

Amended: October 2011
Amended: July 2007
(3 Versions)
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