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Amendments are not highlighted in legislation amended before 2012. We are working on it.
Formal Consolidation |  2002 RevEd
Holding out as registered insurer
4.  Where any company or firm holds itself out to be a registered insurer in respect of life business or general business or both when it is not registered under this Act in respect of that business —
(a)the company or firm shall be guilty of an offence; and
(b)every director, manager or officer of the company and the proprietor or every partner or officer of the firm shall, unless he proves that the holding out by the company or firm was made without his knowledge or consent, be guilty of an offence,
and shall be liable on conviction to a fine not exceeding $75,000 or to imprisonment for a term not exceeding 3 years or to both and, in the case of a continuing offence, to a further fine not exceeding $7,500 for every day during which the offence continues after conviction.
[22/73; 11/86; 41/2001]
Informal Consolidation | Amended Act 24 of 2003
Holding out as registered insurer or authorised reinsurer
4.—(1)  Where any person holds himself out, or purports to hold himself out, to be a registered insurer or an authorised reinsurer in respect of life business or general business, or both, when that person is not registered or authorised under this Act in respect of that business —
(a)that person shall be guilty of an offence; and
(b)where that person is a corporation or firm, every director, manager or officer of the corporation and every partner or officer of the firm shall, unless he proves that the offence was committed without his knowledge or consent, be guilty of an offence.
(2)  Any person who is guilty of an offence under subsection (1) shall be liable on conviction to a fine not exceeding $75,000 or to imprisonment for a term not exceeding 3 years or to both and, in the case of a continuing offence, to a further fine not exceeding $7,500 for every day or part thereof during which the offence continues after conviction.
[23/2003 wef 01/01/2004]