IAIS Insurance Core Principles (ICPs)
ICP 12: Exit from the market and resolution – IAIS Insurance Core Principles (ICPs)

IAIS Insurance Core Principles (ICPs) 12.12: Legislation states whether insurance liabilities may be restructured and whether policyholders may absorb losses

What does 12.12 require?

Legislation makes clear whether insurance liabilities may be restructured in resolution and whether policyholders may be required to absorb losses.

Maintained by Gerard BlokdykControl text last updated

Other controls in ICP 12: Exit from the market and resolution – IAIS Insurance Core Principles (ICPs)

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