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Cap. 403 · Insurance Business Act (Cap. 403)

Cap. 403 Art. 12General representatives.

PART III

In KraftAmtlicher Text

(1) The requirements referred to in article 11(1)(b)(i) are those set out in the following provisions of this article:

(a) the representative must be a person resident in Malta who has been designated as the undertaking’s representative for the purpose of this article;

(b) the representative must be authorised to act generally, and to accept service of any document, on behalf of the undertaking;

(c) the representative must not be the approved auditor, or a partner or an employee of the approved auditor, of the undertaking;

(d) if the representative is not an individual, it must be a company whose head office is in Malta and must itself have an individual representative resident in Malta who is authorised to act generally, and to accept service of any document, on behalf of the company, in its capacity as representative of the company.

(2) Without prejudice to the provisions of sub-article (1), the general representative shall not be personally liable for the debts and obligations of the undertaking referred to in article 11.