Section 36Part 5 — MISCELLANEOUS
Use of the word "insurance", etc.
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Except with the approval of the Authority or where the person is a licensee, a person shall not —
use or continue to use, in English or in any other language, the words "insurance", "assurance", "indemnity", "guarantee", "underwriting", "reinsurance", "surety", "casualty" or any other word which in the opinion of the Authority connotes insurance business or any of their derivatives in the description or title under which he carries on business in or from within the Islands; or
make or continue to make any representation in any billhead, letter, letterhead, circular, paper, notice or advertisement, or by any manner whatsoever, that he is carrying on insurance business.
Before giving its approval under subsection (1), the Authority may require of any person such references and such information and particulars as may be prescribed.
A person who contravenes subsection (1) commits an offence and is liable on summary conviction to a fine of twenty thousand dollars or to imprisonment for a term of two years, or to both.
Referenced By
- Section 22 — Duties of the Authority
Reference in section 22(1)(d)(ii)