PLEAS to the Insurance Commission that it allow smaller agents/brokers to have their accounts reviewed by a certified accountant, rather than subject to a full audit under the new Insurance Act, "are still awaiting a favourable reply", one leading broker has revealed. However, Insurance Commissioner Lennox McCartney defended the Act's audit requirement, telling a gathering of brokers at the Bahamas Insurance Brokers Association (BIBA) conference that despite "consistently reviewing" the stipulation it has "always come down on the side of requiring an audit". "We believe this will go a long way to real.....

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