Singapore legislation

Regulation 15

of Insurance (Approved Marine, Aviation and Transit Insurance Brokers and Approved Reinsurance Brokers) Regulations

Regulation 15

Negotiation and placement of risk

No approved MAT insurance broker shall, in the course of its business as such, negotiate or place any contract of insurance with an insurer (directly or indirectly) except with an approved MAT insurer or registered insurer acting in the course of its business as such.