Management

(1) Subject to sub-section (2), every registered insurer shall to the satisfaction of the Supervisor– (a) have a registered office in Belize; and (b) have management in Belize with adequate knowledge and experience of the insurance business carried on, or appoint a registered insurance manager in Belize, to perform this function. (2) A registered insurer who is authorised to carry on only reinsurance or captive insurance may be exempted by the Supervisor from the requirements of sub-section (1)(b).