Particulars to be furnished by applicant for registration as agent for member of Lloyd’s
1. Subject to paragraphs 2 and 3, the particulars that must be furnished to the administrator by the applicant for registration as an agent for a member of Lloyd’s under regulation 6(3)(a) are as follows:
(a)
name of the applicant;
(b)
registered address of the applicant;
(c)
the latest audited balance-sheet, profit and loss statement and other financial statements of the managing agent at Lloyd’s in relation to which the applicant is to act as agent in Singapore;
(d)
name and correspondence address of the managing agent at Lloyd’s in relation to which the applicant is to act as agent in Singapore;
(e)
the shareholding structure of the applicant, including the relationship between the applicant and the managing agent at Lloyd’s in relation to whom it is to act as agent in Singapore;
[S 665/2010 wef 04/11/2010]
(f)
the syndicates for whom the applicant is appointed to act as agent;
(g)
the types of insurance business proposed to be underwritten by the applicant on behalf of the syndicates referred to in sub-paragraph (f);
[S 665/2010 wef 04/11/2010]
(h)
the organisation chart of the applicant;
[S 665/2010 wef 04/11/2010]
(i)
the name and the designation of the person whom the proposed chief executive officer of the applicant will report to;
[S 665/2010 wef 04/11/2010]
(j)
the names and experience of the underwriters to be employed by the applicant in Singapore;
[S 665/2010 wef 04/11/2010]
(k)
the stamped capacity of each syndicate referred to in sub-paragraph (f).
[S 665/2010 wef 04/11/2010]
2. Where any of the members of the syndicates referred to in paragraph 1(f) are corporate bodies, the applicant must furnish to the Authority a list of the names and the registered addresses of the corporate bodies and the participation share of each corporate body in the syndicate.
3. The Authority may, in writing, require further particulars to be provided in respect of the applicant, or of any information furnished under paragraphs 1 and 2.