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International Insurance and Takaful Order, 2002 · s 34

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s 34

(1)

A person shall be guilty of an offence if he knowingly contravenes section 33 by failing to seek the consent of the Authority or, as the casemay be,

807

BRUNEI DARUSSALAM GOVERNMENT GAZETTE by failing to serve notice on the Authority as required by that section;

or by becoming a controller of a description falling within that section without the approval of the Authority under subsection

(1)

of section 33 or notifying the

Authority in accordance with subsection

(2)

of section 33.

(2)

A person guilty of an offence under subsection

(1)

shall be liable on conviction to a fine not exceeding $100,000 and to imprisonment for a term not exceeding 2 years.