Clause 19

The Authority may by order prohibit any person from carrying on business as insurance agent or insurance broker in Singapore or from taking part directly or indirectly in the management of any insurance agent or broker in Singapore where the person has been convicted of an offence involving fraud, dishonesty, or moral turpitude or the Authority is satisfied that the person has been involved in any activity prejudicial to the public interest.(2) Any person aggrieved by any order of the Authority under subsection (1) may appeal to the High Court.(3) Any person who fails to comply with an order of the Authority made under subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000 or to imprisonment for a term not exceeding one year or to both and in the case of a continuing offence to a further fine of $1,000 for every day during which the offence continues after conviction.”.