28. Conduct of business

Every international insurer shall -

{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;

{e} 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.