Insurance Order, 2006 · As enacted · Part III
7. Use of word "insurance"
Official textFrom Attorney General's Chambers, unchanged
No person other than an insurer registered under this Order shall, without the written consent of the Authority, use the word "insurance" or any of its derivatives in any language, or any other word indicating that such person carries on insurance business in the name, description or title under which it carries on business in Brunei Darussalam or make any representation to such effect in any bill head, letter, paper, notice or advertisement or in any other manner:
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;
Provided that nothing in the section shall prohibit an association of insurers from using the words "insurance", "assurance" or "underwriter" or any of their derivatives in any language as part of its name or description of its activities.
Every insurer and insurance intermediary registered under this Order shall in advertisement, letterhead, name board, brochure or other publication indicate after its name whether it is an insurer, insurance broker or insurance intermediary for an insurer.
insurance intermediary
"insurance intermediary" means a person who, as an agent for one or more insurers or as an agent for insured or intending insured, arranges contracts of insurance;
Any person who contravenes subsection Ill shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $5,000, imprisonment for a term not exceeding one year or both, and in the case of a continuing offence to a further fine not exceeding $1,000 for every day during which the offence continues after conviction.
Examination of persons suspected of carrying on insurance business.
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;
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 broker
Defined · s 2"insurance broker" means any company who, for compensation as an independent contractor, in any manner solicits, negotiates or procures insurance or the renewal or continuance thereof on behalf of an insured other than himself;
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;
insurance intermediary
Defined · s 2"insurance intermediary" means a person who, as an agent for one or more insurers or as an agent for insured or intending insured, arranges contracts of insurance;