International Insurance and Takaful Order, 2002 · s 16

Suggest a correction

Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.

What is wrong?Wrong or mistyped wordsWrong structure or numberingWrong title or detailsText that appears twice

What should change, and whyUp to 2,000 characters.The text as it should read (optional)Edit the text above. Up to 20,000 characters.Where you checked it (optional)A link to the official version, if you have one.

The text as we hold it

Open the official text

s 16Surrender of licence

(1)

A licensee may surrender his licence by forwarding it to the Authority with a written notice of its surrender.

(2)

The surrender of a licence under subsection

(1)

shall take effect on the date the Authority receives the licence.

(3)

The Authority shall, as soon as practicable, publish in the Gazette a notice of every surrender of a licence under this section, but any delay in publishing such a notice or any failure to publish such a notice shall not in any way affect the validity of such surrender.