IAIS Insurance Core Principles (ICPs) 4.8: Consultation with the relevant supervisor on foreign branches and subsidiaries

What does 4.8 require?

Before licensing, or continuing to license, a branch or subsidiary of a foreign insurer, the supervisor consults the relevant supervisor or supervisors as necessary.

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
4.4 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
4.9 4.9 Host consults home before allowing cross-border activity without physical presence

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