Section 2
of Insurance Regulations, 2006
Section 2
For the purposes of section 9 of the Order, the prescribed documents and information to be furnished in respect of an application for registration are
(a} the name of the applicant company;
(b)
its place of incorporation;
(c)
if incorporated outside Brunei Darussalam, the address of its principal place of business in Brunei Darussalam;
(d)
a copy of the company's memorandum and articles of association;
(e)
the amount of the company's paid-up share capital;
(f)
the names of the company's directors and, for each director, the address of the director's principal place of business;
(g)
the name and registered address of any shareholder of the company holding 5 per cent or more of the company's paid up share capital;
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(h)
the number of the com pants employees and the proportion of those who are citizens of Brunei Darussalam;
(i}
a copy of the company's audited accounts for each of the last 5 years for which these are available;
(j}
whether the application is for registration in respect of life business or general business of insurance;
(k}
in the case of a company incorporated outside Brunei Darussalam, confirmation from the appropriate authority in its home jurisdiction that it is authorised in that jurisdiction to carry on the type of insurance business for which registration is sought and complies with all relevant regulatory requirements in respect of such business within that jurisdiction;
(l}
a business plan describing the compant s intended strategy for the following 5 years in respect of the insurance business for which registration is sought; and
(m} any other related documents.
Registration and annual fees.