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FAIS Fit and Proper Requirements

Items on the FIAS Fit and Proper Requirements


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FAIS Circular 01/2010: F&P deadlines and debarment
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FAIS Circular 02/2010: F&P deadlines and debarment
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From The Glossary »

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First Surplus Treaty:

The name given to an ordinary surplus treaty, which means that the surplus must be allotted to the treaty first and in priority to any other surplus reinsurance treaty. Sometimes a second surplus treaty, and a third surplus treaty are in place and these would receive a share of the surplus only after the first surplus treaty had received the full amount to which it was entitled.
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