IAIS Insurance Core Principles (ICPs)

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

IAIS Insurance Core Principles (ICPs) 4.2: Licensing as the control over who may conduct insurance

What does 4.2 require?

The jurisdiction uses licensing to control which entities are allowed to conduct insurance activities within it.

Maintained by Gerard BlokdykControl text last updated 21 May 2026

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

4.1 4.1 Legislation defines insurance activities, prohibits unauthorised activity, sets legal forms, allocates licensing and provides for foreign insurers
4.3 4.3 Clear, objective, public and consistently applied licensing requirements: plans, structure, suitability, governance, capital
4.4 4.4 Decisions within a clearly specified reasonable time
4.5 4.5 Refusal where requirements are unmet, conditions where appropriate, and reasons given
4.6 4.6 A licence states its scope
4.7 4.7 A published list of licensed insurers and licence scopes
4.8 4.8 Consultation with the relevant supervisor on foreign branches and subsidiaries
4.9 4.9 Host consults home before allowing cross-border activity without physical presence

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