Insurance Order, 2006 · s 57

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s 57

(1)

When the Authority has reason to suspect or believe that a person is acting or holding himself out as an insurance broker, insurance intermediary or adjuster without being registered under this Order, he may call for or inspect the books, accounts and records of that person in order to ascertain whether or not that person has contravened any provisions of this Order.

(2)

Any person who wilfully refuses to submit his books, accounts and records or to allow the inspection thereof shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $20,000, increased by $2,000 for each day on which he is proved to have done so, imprisonment for a term not exceeding 12 months or both.

Saving for validity of policies.