IAIS Insurance Core Principles (ICPs)
ICP 4: Licensing – IAIS Insurance Core Principles (ICPs)

IAIS Insurance Core Principles (ICPs) 4.1: Legislation defines insurance activities, prohibits unauthorised activity, sets legal forms, allocates licensing and provides for foreign insurers

What does 4.1 require?

The insurance legislation defines the insurance activities that require a licence, prohibits unauthorised insurance activity, defines the permissible legal forms of domestic insurers, allocates responsibility for issuing licences, and sets the procedure and form of establishment through which foreign insurers may operate in the jurisdiction.

Maintained by Gerard BlokdykControl text last updated

Other controls in ICP 4: Licensing – IAIS Insurance Core Principles (ICPs)

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