Cap. 487 ст. 43CQualifications for Registration.

(1) A person shall be entitled to be registered by an authorised undertaking or an enrolled insurance broker in the Ancillary Insurance Intermediaries Company Register of such undertaking or insurance broker if it is satisfied that such person:

(a) is fit and proper to carry out ancillary insurance intermediaries activities; and

(b) possesses appropriate knowledge and ability in order to complete tasks and perform duties adequately, relating to ancillary insurance intermediaries activities, as may be determined by means of Insurance Distribution Rules issued for the purposes of this article.

(2) A person shall not be entitled to carry out ancillary insurance intermediaries activities, by virtue of his registration under article 43E unless and until he is enrolled by the competent authority in the Ancillary Insurance Intermediaries List under that article. 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 Ancillary Insurance Intermediaries List shall be updated on a regular basis.

(2) It shall be the duty of an authorised undertaking and an enrolled insurance broker to enrol with the competent authority in the Ancillary Insurance Intermediaries List any person registered by it as an ancillary insurance intermediary in the Ancillary Insurance Intermediaries Company Register established and maintained by it under article 43E.

(3) On obtaining from the competent authority a certificate of enrolment under article 43E, an authorised undertaking or an enrolled insurance broker, as the case may be, 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 or the insurance broker by the competent authority.

(4) Where a person enrolled as aforesaid carries out ancillary 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 thereof issued by the competent authority under this article.

(5) Where the enrolled person is not an individual, the Ancillary Insurance Intermediaries List is to specify the name of the individual who is carrying out ancillary insurance intermediaries activities and who satisfies the requirements of article 43C(1).