The Insurance Act, 2005 - Bahamas Financial Services Board

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exercise competence, diligence and sound
judgement in fulfilling his
responsibilities in relation to
insurance business and whose
relationship with an insurance company
will not threaten the interests of
policyholders; and for the purposes of
this paragraph, the Commission shall
have regard to any evidence that he has-
(i) engaged in any business
practices appearing to the
Commission to be deceitful or
oppressive or otherwise
improper which reflect
discredit to his method of
conducting business;
(ii) contravened any provision of
any enactment designed for the
protection of the public
against financial loss due to
dishonesty, incompetence or
malpractice by persons
concerned in the provision of
insurance, investment or other
financial services, or in the
management of companies or due
to bankruptcy.
(4) For the purposes of this Act, the following
persons shall be treated as being associated with a given
person (“A”) and he with them, and shall be so treated
notwithstanding that at the relevant time any of the persons
in question (not being individuals) had not yet come into