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Post 5: February 25, 2021


Prohibitions with respect to acquiring shares, borrowing or lending funds

Submitted by forumuser_DMJ on Thu, 02/25/2021 - 5:42 pm

Industry Questions/Comments

[Section 92(3) Insurance Act 2018 (Act)]

Please provide specific guidance and clarification on what is required with respect to the policies for security interest, at minimum, in terms of content.  If possible, please provide potential scenarios to which these policies would be applied since the application of the concept security interest is unclear.

 

Duties of Directors-procedures for the determination of the remuneration of directors and officers

Submitted by forumuser_DMJ on Thu, 02/25/2021 - 3:04 pm

Industry Questions/Comments

[Section 67(5) Insurance Act 2018]

Is it an actual procedure that is required or a policy statement that defines the approach and who is responsible for the various aspects of the approach? Guidance should be given on what procedure should contain/cover at a minimum so that companies can determine with some degree of certainty whether what they have is sufficient.

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