15-1

An Insurance Broker must keep all necessary records on Personal Data for a period of ten (10) years from the date of receipt of such data, unless otherwise required by other applicable laws or the Central Bank.

15-2

Where any material change affects the accuracy and completeness of information provided in an application, the Applicant or the Insurance Broker, as the case may be, must immediately notify the Central Bank of such change and provide all necessary information and documents.