Section 25Part 4 — POWERS AND DUTIES OF THE AUTHORITY
Avoidance of confusion of names
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The Authority may revoke the licence of a licensee who carries on insurance business or acts as an insurance agent, an insurance broker or an insurance manager under a name which —
is identical with that of any other person, company, firm or business whether within the Islands or not, or which so nearly resembles that name as to be calculated to deceive;
is calculated falsely to suggest the patronage of or connection with some person of authority whether within the Islands or not;
is calculated falsely to suggest that the person has a special status in relation to or derived from the Government of the Islands, or has the official backing of or acts on behalf of the Government of the Islands or of any department or official thereof or is recognised in the Islands as a local insurer, insurance agent, insurance broker or insurance manager; or
is calculated falsely to suggest that the licensee is carrying on insurance business in a different category from that in respect of which he is licensed.
Referenced By
- Section 22 — Duties of the Authority
Reference in section 22(1)(d)(iii)