MANNER OF PAYMENT, RECEIPT OF PREMIUM AND ASSUMPTION OF RISKInternational Financial Services Centres Authority (Manner of Payment and Receipt of Premium) Regulations, 2022
MANNER OF PAYMENT, RECEIPT OF PREMIUM AND ASSUMPTION OF RISKInternational Financial Services Centres Authority (Manner of Payment and Receipt of Premium) Regulations, 2022
Board-approved credit risk policy requires IIOs to address premium non-payment risks and their adverse consequences. Every IIO must maintain a Board-approved policy for mitigating credit risk. The policy must, among other matters, specify the adverse consequences arising ... Summary
Board-approved credit risk policy requires IIOs to address premium non-payment risks and their adverse consequences.
Every IIO must maintain a Board-approved policy for mitigating credit risk. The policy must, among other matters, specify the adverse consequences arising from an insured's non-payment of premium.
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