CP19-04/T04 - class 12 authorisation

Closed 13 Sep 2019

Opened 22 Jul 2019

Feedback Updated 17 Apr 2020

We Asked

For views on the draft Class 12 insurance business authorisation qualifying criteria (i.e. proposals to amend the criteria by which an insurer might qualify for a reduced or simplified level of regulation under class 12 authorisation).

You Said

Respondents mainly welcomed and indicated support for our proposals. However some comments and discussions subsequently resulted in a small number of changes.

We Did

We made a small number of changes to the proposals, all of which will be consulted upon in the upcoming consultation on the draft Insurance regulations 2020.

Results Updated 17 Apr 2020

Files:

Overview

The consultation concerns the Authority’s proposals to amend the criteria by which an insurer might qualify for a reduced or simplified level of regulation under class 12 authorisation.

Why We Are Consulting

We wish to obtain views on the proposals.  

What Happens Next

Any comments on this consultation will be considered when issuing the Insurance Regulations 2020 for consultation later in 2019.

Areas

  • All Areas

Audiences

  • All residents

Interests

  • Legislation
  • Policies, strategies & plans
  • Finance
  • Business