Commonwealth Numbered Acts

Insurance (Agents and Brokers) Act 1984 No. 75 of 1984 - SECT 20

20. (1) A person who desires to be registered under this Part in respect of
life insurance business may apply to the Life Insurance Commissioner
accordingly and a person who desires to be registered under this Part in
respect of general insurance business may apply to the Insurance Commissioner
accordingly.

(2) An application under sub-section (1) shall be in accordance with the
prescribed form.

(3) A person shall not wilfully and with intent to deceive-

   (a)  make a false or misleading statement in, or omit material matter from,
        a prescribed form furnished to a Commissioner; or

   (b)  furnish to a Commissioner in connection with an application under
        sub-section (1) information that is false or misleading in a material
        particular.

Penalty:

   (a)  in the case of a natural person-$5,000 or imprisonment for 2 years, or
        both; or

   (b)  in the case of a corporation-$25,000.