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

IAIS Insurance Core Principles (ICPs) 12.4: Regular assessment of which insurers need a resolution plan; plans and resolvability assessments for systemic or critical insurers

What does 12.4 require?

The supervisor and/or resolution authority regularly assesses, against established criteria reflecting nature, scale and complexity, which insurers to subject to a resolution plan requirement; requires at minimum a resolution plan for any insurer assessed as systemically important or critical if it fails; and ensures that a required plan is in place, regularly reviewed and updated when necessary, with a resolvability assessment undertaken regularly.

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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The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.