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Insurance Core Principle 4 - Licensing: Criteria for Authorisation of Insurers, Fit and Proper Assessment, Business Plan Requirements, Initial Capital, Qualified Shareholders and Ongoing Licence Conditions

IAIS ICP 4 establishes the minimum requirements for the authorisation and ongoing supervision of insurers, including fit and proper assessments of…

What Insurance Core Principle 4 - Licensing: Criteria for Authorisation of Insurers, Fit and Proper Assessment, Business Plan Requirements, Initial Capital, Qualified Shareholders and Ongoing Licence Conditions requires

IAIS ICP 4 establishes the minimum requirements for the authorisation and ongoing supervision of insurers, including fit and proper assessments of controllers and key personnel, business plan viability, initial capital adequacy, and ongoing compliance with licensing conditions. Applies to all insurers seeking or holding authorisation in jurisdictions adhering to IAIS standards. See ICP 4.1-4.15.

Pillar: Insurance & Risk · Authority: International Association of Insurance Supervisors (IAIS) · Version: 1.0.0 · Last updated:

Primary source: https://www.iais.org/icp-online-tool/13515-icp-4-licensing/

SHA-256 integrity: aa5d30ace7bce9768297b69d2f4548314eef8f54873f86ab6c11a7b0ecca64c0

Primary Citations — 5 traced to source

  • Insurance Core Principle 4, https://www.iais.org/icp-online-tool/13515-icp-4-licensing/, ICP 4.1, 2023
  • Insurance Core Principle 4, https://www.iais.org/icp-online-tool/13515-icp-4-licensing/, ICP 4.5, 2023

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