Disciplinary action against insurance web aggregators permits certificate suspension or cancellation after written submissions for regulatory non-compliance. Disciplinary action may be taken against an insurance web aggregator for non-compliance with applicable statutory, regulatory, circular or guideline ... Summary
Disciplinary action against insurance web aggregators permits certificate suspension or cancellation after written submissions for regulatory non-compliance.
Disciplinary action may be taken against an insurance web aggregator for non-compliance with applicable statutory, regulatory, circular or guideline requirements, or where its activities are not in the interest of insurance business in International Financial Services Centres. Measures include suspension or cancellation of the certificate, subject to an opportunity for the insurance web aggregator to make written submissions.
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