Fit and proper standard

The Fit and Proper Standard is made under section 36 of the Insurance (Prudential Supervision) Act 2010 and sets out the requirements for a fit and proper policy required under sections 34 – 35 of the Act.

The standard applies to all licensed insurers, and the requirement for a licensed insurer to comply with this standard is continuous.

Download the Fit and proper standard for licensed insurers (PDF 292KB)

Read the Insurance (Prudential Supervision) Act 2010.