S.L. 487.9 Art. 3Application fees in relation to insurance agents, managers and brokers.    S.L. 386.10.    S.L. 386.10.

(1) A natural person who intends to act as an intermediary and carry out, or attempt to carry out, insurance and, or reinsurance distribution activities in or from Malta shall, upon submission of an application to the competent authority for registration in accordance with article 13 of the Act, pay to the competent authority an application fee as established in the First Schedule, as applicable, with respect to such application.

(2) A person that intends to act as an intermediary and carry out, or attempt to carry out, insurance and, or reinsurance distribution activities in or from Malta shall, upon submission of an application to the competent authority for enrolment in accordance with article 13 of the Act, pay to the competent authority an application fee as established in the First Schedule, as applicable, with respect to such application.

(3) Without prejudice to the provisions of sub-regulation

(2), a company that is to be formed or constituted as, or converted into a cell company in accordance with regulation 6 of the Companies Act (Cell Companies Carrying on Business of Insurance) Regulations and enrolled in the Managers List or the Brokers List in accordance with article 13 of the Act shall, upon submission of an application to the competent authority for approval and enrolment, pay to the competent authority an application fee as established in the First Schedule, as applicable, with respect to such application.

(4) A cell company enrolled in the Managers List or the

Brokers List under article 13 of the Act that intends to create a new cell in accordance with regulation 8 of the Companies Act (Cell

Companies Carrying on Business of Insurance) Regulations shall, upon submission of an application to the competent authority for approval, pay to the competent authority an application fee as established in the First Schedule, as applicable, with respect to every such cell.

(5) A local company enrolled under article 13 of the Act that intends to establish a branch in Malta in accordance with article 11(2) of the said Act shall, upon submission of an application to the competent authority for approval, pay the competent authority an application fee as established in the First Schedule, as applicable, with respect to every such branch.