Insurance Order, 2006 · s 49

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s 49

(1)

No insurance intermediary shall invite any person to make an offer or proposal to enter into a contract of insurance without disclosing to the person all material information, including -

{a) the name of the registered insurer;

{b)

his relationship with the registered insurer;

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{c) the premium charged by the registered insurer; and

(d)

such other information as may be prescribed or specified in directions.

(2)

Any person who fails to comply with this section shall be guilty of an offence and shall be liable on conviction to a :ftne not exceeding $10,000, imprisonment for a term not exceeding 6 months or both.

Insurance intermediary in insurance transactions.