Consultation Response - Regulatory Framework for General Insurance Intermediaries

The Isle of Man Financial Services Authority has today published a Consultation Response (CR20-06/T08) following its consultation to obtain views on the following draft legislation for general insurance intermediaries:

  • Insurance Intermediaries (General Business) Regulations 2020;
  • Insurance Intermediaries (Conduct of Business) (General Business) Code 2020;
  • Insurance Intermediaries (Corporate Governance) (General Business) Code 2020; and
  • Insurance Intermediaries (Restriction on Advertising) Regulations 2020.

The Authority will now progress the legislation with a view to introducing the new requirements in October 2020.

Please refer to the consultation webpage for further information.