Cap. 487 Art. 54Application of certain articles of the Insurance BusinessAct to insurance intermediaries.

(1) Subject to the provisions of sub-article (2) -

(a) the provisions of articles 29 to 31A of the Insurance

Business Act (hereinafter in this article referred to as

"the Act") shall apply to an enrolled person, as if reference in such provisions -

(i) to "authorisation" were a reference to

"enrolment in the Agents List, Managers List or

Brokers List";

(ii) to "authorised insurance or reinsurance undertaking" were a reference to an "enrolled person";

(iii) to "business of insurance" were a reference to "insurance distribution activities or reinsurance distribution activities";

(b) articles 29 to 31A of the Act shall apply to a person enrolled in the Tied Insurance Intermediaries List or Ancillary Insurance Intermediaries List, as if reference in such provisions -

(i) to "authorisation" were a reference to "enrolment in the Tied Insurance Intermediaries List" or "enrolment in the Ancillary Insurance Intermediaries List", as applicable";

(ii) to "an authorised insurance undertaking" were a reference to "a reference to "a tied insurance intermediary" or "an ancillary insurance

(2) Sub-article (1) shall apply to an enrolled person as if reference in the relevant provisions of the Act to "the competent authority" were a reference to "the competent authority" under this Act, and "references to "Insurance Rules" were references to "Insurance Distribution Rules".