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Enacting Formula

 
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On 21/05/2013, you requested for the version in force on 21/05/2013 incorporating all amendments published on or before 21/05/2013. The closest version currently available is that of 09/12/2003.
New section 35TA
31.  The Insurance Act is amended by inserting, immediately after section 35T, the following section:
Business conduct of insurance intermediaries
35TA.  Without prejudice to the generality of section 64(1) and (2), the Authority may make regulations or issue directions for or with respect to —
(a)
the standards to be maintained by an insurance intermediary in the conduct of business under this Act, including the standards in relation to the obligation to disclose information to insureds;
(b)
the qualifications, experience and training of an insurance intermediary and, where the insurance intermediary is a corporation or an association, of the officers, agents and employees of the insurance intermediary; and
(c)
the procedure for the conduct of disciplinary control of insurance intermediaries and, where the insurance intermediary is a corporation or an association, of the officers, agents and employees of the insurance intermediary.”.