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Insurance (Agents and Brokers) Act 1984 No. 75 of 1984 - SECT 39
Misdescription by insurance intermediaries
39. (1) An insurance intermediary (not being a registered 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 an insurance broker.
(2) An insurance intermediary shall not describe himself or his business in a
way that would be likely to mislead a person into believing that he is an
insurer.
(3) This section has effect only after the expiration of 6 months after the
commencement of Part III or, in an external Territory to which this Act
extends, only after the expiration of 6 months after the commencement of the
day on which this Act commences to extend to that Territory or the
commencement of Part III, whichever is the later.
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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