Insurance Intermediaries Act |
Insurance Intermediaries (Exemption) Notification 2002 |
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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.
Managing Director, Monetary Authority of Singapore. |
[ID 05.1 Vol. 28; AG/LEG/SL/142/2002/1 Vol. 1] |