IAIS Insurance Core Principles (ICPs) 2.2: Legal protection for the supervisor and its staff acting in good faith

What does 2.2 require?

Legislation protects the supervisor and its staff from legal action for acts done in good faith in the course of their duties, and staff are adequately protected against the costs of defending those acts.

Maintained by Gerard BlokdykControl text last updated 21 May 2026

Other controls in ICP 2: Supervisor – IAIS Insurance Core Principles (ICPs)

2.1 2.1 Operational independence from government and industry
2.10 2.10 Sufficient human, technological and financial resources
2.11 2.11 Outsourced supervisory work: expectations set, performance monitored, independence and confidentiality assured
2.3 2.3 Transparent appointment and dismissal of the supervisor's head and governing body
2.4 2.4 Internal governance that preserves integrity and enables accountability
2.5 2.5 Consistent and equitable application of requirements
2.6 2.6 Appeal processes that do not impede timely intervention
2.7 2.7 Statutory duty to protect confidential information

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