Rulings define scope of PA’s powers under transitional insurance laws – Moonstone Information Refinery

Rulings define scope of PA’s powers under transitional insurance laws – Moonstone Information Refinery

Over the past year, several legal and regulatory developments have reinforced the importance of good governance and transitional compliance in the insurance sector. Among the most consequential are two court rulings that continue to shape how insurers approach key-person appointments, Memorandum of Incorporation amendments, and regulatory notifications, narrowing the Prudential Authority’s enforcement powers and signalling a shift towards more p…