Approval of chief executive officer and director of insurance broker
26.—(1)  No registered insurance broker shall appoint a person as its chief executive officer or director in Singapore unless the insurance broker satisfies the Authority that that person is a fit and proper person to be so appointed and has obtained the approval of the Authority.
(2)  Any person aggrieved by any decision of the Authority under subsection (1) may appeal to the High Court.
(3)  In this section —
“chief executive officer”, in relation to a registered insurance broker, means any person by whatever name called employed by the insurance broker to be directly responsible for the conduct of any type of business of the insurance broker in Singapore;
“director” has the same meaning as in the Companies Act (Cap. 50).