Insurance Order, 2006 · As enacted · Part IV
63. (1)
Official textFrom Attorney General's Chambers, unchanged
Subject to subsection (3), where an insurer is registered under this
Order in respect of either class of insurance business, the insurer shall, until he ceases to be so registered, notify the Authority in writing of any change affecting the insurer's registration particulars, and shall do so within 3 months of the change taking place.
insurance business
"insurance business" includes the business of effecting and carrying out contracts {a} protecting persons against loss or liability to loss in respect of risks to which such persons may be exposed; or {b) to pay a sum of money or render money and includes reinsurance business;
Where the change results in the amendment of any document, or the replacement of any document by a new document, the insurer shall furnish the
Authority with a copy of the document showing the amendments or, as the case may be, with a copy of the new document.
Authority
"Authority" means such person as is appointed by His Majesty the Sultan and Yang Di-Pertuan under subsection 11) of section 4 to be the Authority for the purposes of this Order;
This section shall have effect subject to any prescribed exceptions, and the Authority may in any particular case dispense (either unconditionally or subject to any conditions) with the furnishing of information under this section about any change.
In this section, "registration particulars" means the documents and information furnished by the insurer to comply with subsection (1) of section 9
when applying to be registered in respect of the class of business in question, or furnished by the insurer to comply with this section in respect thereof.
Inspections and investigations
Terms defined in s 2
Authority
Defined · s 2"Authority" means such person as is appointed by His Majesty the Sultan and Yang Di-Pertuan under subsection 11) of section 4 to be the Authority for the purposes of this Order;
insurance business
Defined · s 2"insurance business" includes the business of effecting and carrying out contracts {a} protecting persons against loss or liability to loss in respect of risks to which such persons may be exposed; or {b) to pay a sum of money or render money and includes reinsurance business;