Insurance intermediary registration applications require complete governance, financial, operational, and fit-and-proper disclosures before certification can proceed. Fresh and renewal registration applications for insurance intermediaries must be complete, fee-supported and accompanied by disclosures on ownership, ... Summary
Insurance intermediary registration applications require complete governance, financial, operational, and fit-and-proper disclosures before certification can proceed.
Fresh and renewal registration applications for insurance intermediaries must be complete, fee-supported and accompanied by disclosures on ownership, management, business plans, infrastructure, technology, financial capacity, disputes and relevant offences. Applicants must submit constitutional, incorporation, authorisation, personnel and supporting compliance records, and make declarations on eligibility, accuracy, training compliance, arm's-length financial relationships, rebate restrictions and run-off servicing. Personal disclosures and fit and proper statements are required for responsible persons. Branch applications additionally require home-country regulatory information, office and ownership details, internal-control arrangements and business-strategy disclosures.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.