1. The Council may make a direction or order of suspension in respect of any approved coverholder or approved delegated claims administrator on such terms and subject to such requirements as it may specify when in its opinion such a direction or order appears to be necessary or desirable in the interests of the Society, its members or policyholders.
Intermediaries Byelaw, paragraph 37
2. In respect of an approved coverholder, the terms of a direction or order made by the Council under paragraph [1. above] may include requirements that the approved coverholder –
(a) ceases to enter into contracts of insurance on behalf of members of a syndicate in respect of any or all binding authorities;
(b) ceases to administer or run-off any contract of insurance entered into by it on behalf of members of a syndicate;
(c) ceases to issue documents evidencing contracts of insurance entered into by it on behalf of members of a syndicate.
Intermediaries Byelaw, paragraph 38
3. In respect of an approved delegated claims administrator, the terms of a direction or order made by the Council under [1. above] may include requirements that the approved delegated claims administrator ceases to determine claims on behalf of members of a syndicate in respect of any or all delegated claims administration agreements.
Intermediaries Byelaw, paragraph 38A