Registration of insurance brokers
35X.—(1)  A person who desires to carry on business as an insurance broker shall apply in writing to the Authority for registration under this section and shall furnish such information as the Authority may require.
[41/2001]
(2)  Upon receiving an application under subsection (1), the Authority shall consider the application and may, subject to section 35Y —
(a)register the applicant with or without conditions; or
(b)refuse to register the applicant.
[41/2001]
(3)  The Authority may register the applicant as a direct general insurance broker, general reinsurance broker, life reinsurance broker or a combination of any of these.
[41/2001]
(4)   Any person who has been registered under section 16 of the Insurance Intermediaries Act (Cap. 142A) in force before 1st October 2002 as a direct general insurance broker, general reinsurance broker, life reinsurance broker or a combination of any of these shall be deemed to be registered as such under subsection (2).
[41/2001]