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Insurance (Agents and Brokers) Act 1984 No. 75 of 1984 - SECT 30
Misdescription of business
30. (1) A life insurance broker (not being also a general insurance broker)
shall not describe himself or his business in a way that would be likely to
lead a person into believing that he is a general insurance broker as well as
a life insurance broker.
(2) A general insurance broker (not being also a life insurance broker) shall
not describe himself or his business in a way that would be likely to lead a
person into believing that he is a life insurance broker as well as a
general insurance broker.
(3) A registered insurance broker shall not, after the commencement of this
Part, carry on business under a name that would be likely to mislead a person
into believing that the broker is an insurer.
Penalty:
(a) in the case of a natural person-$1,000 or imprisonment for 6 months,
or both; or
(b) in the case of a corporation-$5,000.
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