No. S 63
|Insurance Intermediaries Act|
|Insurance Intermediaries (Exemption) Notification 2002|
|Citation and commencement|
|1. This Notification may be cited as the Insurance Intermediaries (Exemption) Notification 2002 and shall come into operation on 1st February 2002.|
|Exemption in respect of registered insurance brokers|
|2. Sections 8 (1)(b) and 23 of the Act shall not apply to any registered insurance broker who negotiates any contract of insurance with a foreign insurer carrying on insurance business under the Insurance (Lloyd’s Asia Scheme) Regulations 2002 (G.N. No. S 62/2002).|
Made this 31st day of January 2002.
Monetary Authority of Singapore.
|[ID 05.1 Vol. 28; AG/LEG/SL/142/2002/1 Vol. 1]|