Insurance (Prudential Supervision) Act 2010

45 Request for approval


A request for the Bank to give its approval under section 44 must be—


made in the manner that is specified by the Bank; and


accompanied by payment of the prescribed fee for the request (if any). 


A joint request may be made by 2 or more licensed insurers that are parties to the proposed transfer or amalgamation.


A licensed insurer that makes a request and every other party to the proposed transfer or amalgamation must provide to the Bank the information that is required by the Bank to assist it in determining whether to give its approval.