Control of written communication used by approved insurance broker
11.—(1) An approved insurance broker shall, if required by the Authority by notice in writing, submit to the Authority any written communication which is for the time being in use by the approved insurance broker for describing the terms or conditions of, or the benefits to be or likely to be derived from, policies.
(2) Where the whole or part of any written communication referred to in paragraph (1) is not in English, the approved insurance broker shall submit with it a translation in English.
(3) A requirement made under paragraph (1) shall, unless it is otherwise provided, apply to all such written communication coming into use after the making of the requirement and before the Authority notifies the approved insurance broker that the requirement is withdrawn.
(4) If it appears to the Authority, after affording the approved insurance broker an opportunity to make representations orally or in writing, that any such written communication —
(a)
contravenes any provision of these Regulations; or
(b)
is in any respect likely to mislead,
the Authority may, by notice in writing, direct the approved insurance broker to discontinue the use of the written communication in Singapore either immediately or from such date as may be specified in the notice.
(5) For each occasion on which any approved insurance broker contravenes a requirement under paragraph (1) or uses any written communication in contravention of paragraph (4), the approved insurance broker shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $25,000.
(6) This regulation shall only apply to written communication which is made to or directed at persons in Singapore.
(7) In this regulation, “written communication” includes any brochure, leaflet, circular or advertising matter, whether in electronic, print or other form.