CBB Volume 3: Contents
The Provision of Insurance Management Services (Insurance Managers)
The provision of insurance management services means the provision of management services to, or the exercising of managerial functions on behalf of, an insurance firmG .
Management services and managerial functions include the administration and underwriting of insurance contracts.
AU-1.4.22Amended: October 2007
An insurance managerG may provide management services to undertakings other than insurance firmsG , providing that these activities do not compromise the manager's ability to provide a professional service to insurance firmsG and the manager can meet the licensing conditions specified in Chapter AU-2. It is possible for a group to include separate licensees, one an insurance brokerG and the other an insurance managerG .