Singapore legislation

Section 72

of Insurance Act 1966

Section 72

Business conduct of insurance intermediaries

Amended by23/2003

Without limiting section 154(1) and (4), the Authority may make regulations or issue directions for or with respect to —

(a)

the standards to be maintained by an insurance intermediary in the conduct of business under this Act, including the standards in relation to the obligation to disclose information to insureds;

(b)

the qualifications, experience and training of an insurance intermediary and, where the insurance intermediary is a corporation or an association, of the officers, agents and employees of the insurance intermediary; and

(c)

the procedure for the conduct of disciplinary control of insurance intermediaries and, where the insurance intermediary is a corporation or an association, of the officers, agents and employees of the insurance intermediary.[35TA