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 18/04/2013.
35P.
—(1) No insurance intermediary shall invite any person to make an offer or proposal to enter into a contract of insurance without disclosing to the person all material information, including —
(a)
the name of the licensed insurer;
(b)
his relationship with the licensed insurer;
(c)
the premium charged by the licensed insurer; and
(d)
such other information as the Authority may prescribe or specify in directions.
[23/2003 wef 01/01/2004]
[41/2001]
(2) No insurance intermediary shall arrange any group policy for 2 or more persons where any person insured under the group policy is liable to pay the premium without disclosing to every person insured under the group policy all material information, including —
(a)
the name of the licensed insurer;
(b)
his relationship with the licensed insurer;
(c)
the conditions of the group policy;
(d)
the premium charged by the licensed insurer; and
(e)
such other information as the Authority may prescribe or specify in directions.
[23/2003 wef 01/01/2004]
[41/2001]
(2A) Any insurance intermediary who contravenes subsection (1) or (2) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $25,000 or to imprisonment for a term not exceeding 12 months or to both.
[23/2003 wef 01/01/2004]
(3) In this section, “insurance intermediary” includes the group policy owner of any group policy.
[41/2001]