Registration refusal for unrectified deficiencies requires an opportunity for written submissions and reasoned communication to applicants. Registration of insurance business may be refused where an applicant does not rectify identified deficiencies to the Authority's satisfaction within the ... Summary
Registration refusal for unrectified deficiencies requires an opportunity for written submissions and reasoned communication to applicants.
Registration of insurance business may be refused where an applicant does not rectify identified deficiencies to the Authority's satisfaction within the specified period. Before refusing registration, the Authority must give the applicant an opportunity to make written submissions on the grounds on which refusal is proposed. Any refusal must be communicated to the applicant together with the reasons for refusal.
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