Commonwealth Numbered Acts

Insurance (Agents and Brokers) Act 1984 No. 75 of 1984 - SECT 33

33. (1) This section applies to an insurance intermediary other than an
insurance broker.

(2) Where an insurance intermediary has an authority from 2 or more insurers
to arrange or effect contracts of insurance, the insurance intermediary shall,
before he arranges or effects a contract of insurance, inform the intending
insured of the name of the proposed insurer and of a place of business of the
proposed insurer.

(3) An insurance intermediary (other than an intermediary referred to in
sub-section (2)) who proposes to arrange or effect a contract of insurance
shall-

   (a)  subject to paragraph (b), inform the intending insured, before he
        arranges or effects the contract, of the name of the proposed insurer
        and of a place of business of the proposed insurer; or

   (b)  if it is not practicable for him to comply with paragraph (a), inform
        the insured, as soon as reasonably practicable after he has arranged
        or effected the contract, of the name of the insurer and of a place of
        business of the insurer.

(4) It is a sufficient compliance with so much of sub-section (2) or (3) as
requires the insurance intermediary to inform the intending insured or the
insured of the name of the proposed insurer or of the insurer if, in relation
to a proposed contract of insurance or a contract of insurance with Lloyd's
underwriters, or with Lloyd's underwriters and others, the insurance
intermediary informs the intending insured or the insured that the contract is
to be, or has been, as the case may be, arranged or effected with ''Lloyd's'',
or with ''Lloyd's'' and other specified insurers, as the case may be.
(5) In sub-section (4), ''Lloyd's underwriters'' has the same meaning as it
has in the Insurance Act 1973.

(6) If a proposed contract of insurance is to be arranged or effected, or a
contract of insurance has been arranged or effected, by an insurance
intermediary through another insurance intermediary (including another
insurance intermediary who is an insurance broker), this section applies as if
the proposed contract were to be arranged or effected, or the contract of
insurance had been arranged or effected, as the case may be, by the
first-mentioned insurance intermediary otherwise than through the other
insurance intermediary.

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.