IAIS Insurance Core Principles (ICPs)

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

IAIS Insurance Core Principles (ICPs) 4.4: Decisions within a clearly specified reasonable time

What does 4.4 require?

The supervisor assesses applications, decides and informs applicants within a reasonable and clearly specified time and without undue delay.

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
4.2 4.2 Licensing as the control over who may conduct insurance
4.3 4.3 Clear, objective, public and consistently applied licensing requirements: plans, structure, suitability, governance, capital
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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