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Insurance licenseesG intending to apply for a transfer of business are advised to contact the CBB at the earliest possible opportunity, in order that the CBB may determine the nature and level of documentation to be provided and the need for actuarial or other expert opinion to be provided to support the application. Transfers of long-term business will in all cases require an actuarial evaluation to be provided to the CBB. An affected policyholderG is a policyholderG whose policy is included in the transfer, or his policy is with the transferor and the CBB has ruled, after consulting the transferor, that the policyholder'sG rights and obligations under the policy will or may be materially affected by the transfer.

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