Disclosure by insurance intermediary and liability of insurer in relation to group policy
5.—(1)  No insurance intermediary shall invite any person to make an offer or proposal to enter into a contract of insurance without disclosing —
(a)the name of the registered insurer;
(b)his relationship with the registered insurer; and
(c)the premium charged by the registered insurer.
(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 —
(a)the name of the registered insurer;
(b)his relationship with the registered insurer;
(c)the conditions of the group policy; and
(d)the premium charged by the registered insurer.
(3)  A registered insurer shall be liable to the person insured under a group policy, if the person insured has paid the premium to the group policy owner, regardless that the registered insurer has not received the premium from the group policy owner.
(4)  The registered insurer of a group policy shall pay the moneys due under the policy to the person insured or any person entitled through him.
(5)  This section shall not apply to general reinsurance brokers and life reinsurance brokers.
(6)  For the purposes of this section, “insurance intermediary” includes the group policy owner of any group policy.