Cap. 487 Art. 36List of persons carrying out tied insurance intermediaries activities.
PART VIII
(1) The competent authority shall establish and maintain a list of persons carrying out tied insurance intermediaries activities in this Act referred to as the "Tied Insurance Intermediaries List", containing such particulars as the competent authority may, determine from time to time by Insurance Distribution Rules made for the purposes of this article of all persons who are, or which are, entitled under this article to be enrolled therein. The Tied Insurance Intermediaries List shall be updated on a regular basis.
(2) It shall be the duty of an authorised undertaking to enrol with the competent authority in the Tied Insurance Intermediaries List any person registered by it as a tied insurance intermediary in the Tied Insurance Intermediaries Company Register established and maintained by it under article 37.
(3) On obtaining from the competent authority a certificate of enrolment under article 37, an authorised undertaking shall furnish the person, in whose name the certificate of enrolment is made out, with the certificate or an official copy thereof, issued to the authorised undertaking by the competent authority.
(4) Where a person enrolled as aforesaid carries out tied insurance intermediaries activities from a place of business or from any other place accessible to the public, that person shall display in a prominent position in that place in a part thereof to which the public has access, the certificate of enrolment or an official copy who carries out tied insurance intermediaries activities and who satisfies the requirements of article 35(1).
Änderungsgeschichte
- Amended by XXVI.2018.34