Insurance business regulatory definitions establish standards for control, commissions, confidential information, capital, and management expenses in financial centres.

Control includes direct or indirect rights to appoint a majority of directors or determine management or policy decisions through shareholding, management rights, shareholder or voting agreements, or other means. Benefits include direct or indirect incentives and payments, while commission covers benefits paid for insurance solicitation, procurement, retention or conversion services. Expenses of management include operating expenses, commissions and intermediary remuneration, but exclude taxes borne by the IIO. Confidential information, regulated entities and information requests are defined for insurance and re-insurance business in an International Financial Services Centre.

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