Insurance Act 1966 · 2020 Revised Edition · Part 2B · Insurance Intermediaries
65. Application of sections 66 to 69 and 71, 72 and 73
Feedback & supportLast amended by an amending law of 2022. 2 amendments in all.
Sections 66 and 68 do not apply to a general reinsurance broker or life reinsurance broker in respect of contracts for the reinsurance of liabilities under insurance policies.
general reinsurance broker
“general reinsurance broker” means a person who is for the time being registered under section 76 in respect of reinsurance of liabilities under insurance policies relating to general business;
Section 67 does not apply to —
a licensed financial adviser or exempt financial adviser, or its representatives, in respect of life policies, other than life policies with accident and health benefits and contracts for the reinsurance of liabilities under insurance policies; or
a general reinsurance broker or life reinsurance broker in respect of contracts for the reinsurance of liabilities under insurance policies.
Sections 69, 71 and 73 do not apply to a licensed financial adviser or an exempt financial adviser, or its representatives, in respect of life policies, other than contracts for the reinsurance of liabilities under insurance policies.
licensed financial adviser
“licensed financial adviser” means a holder of a financial adviser’s licence under the Financial Advisers Act 2001;
Section 72 does not apply to a licensed financial adviser or an exempt financial adviser, or its representatives, in respect of life policies, other than life policies with accident and health benefits and contracts for the reinsurance of liabilities under insurance policies.[35N
exempt financial adviser
“exempt financial adviser” has the meaning given by section 2(1) of the Financial Advisers Act 2001;