Section 28 — International Insurance and Takaful Order, 2002

(a)

conduct its business with due diligence and care in accordance with sound insurance principes;

(b)

maintain adequate and proper records and books of accounts as its office within Brunei Darussalam;

(c)

follow accepted international accounting standards or such other standards as may be approved by the Authority;

(d)

register all assets in its name or that of a nominee approved by the directors of the international insurer; and

(e)

indicate clearly on its letterhead, stationery and all other documents containing its name that it is licensed under this Order, together with the number of its licence.

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