Cap. 487 Art. 43LExemption from enrolment under thisAct.

(1) Without prejudice to sub-article (2), an authorised insurance undertaking, an authorised reinsurance undertaking, and their employees, carrying out insurance distribution activities and reinsurance distribution activities, as applicable, shall not be required to be enrolled under this Act.

(2) Notwithstanding sub-article (1), an authorised insurance undertaking and an authorised reinsurance undertaking carrying out insurance distribution activities and reinsurance distribution activities, as applicable, shall, at least once a year, inform the competent authority of the names of the individuals within the management of the authorised insurance and reinsurance undertaking, who are responsible for the insurance distribution activities or reinsurance distribution activities of the authorised insurance and reinsurance undertaking, and the competent authority may by Insurance Distribution Rules made for the purposes of this article, determine the form, manner and content of the information to be forwarded to it and the date by which such information shall be forwarded to it.