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16. Arrangements affecting control of approved insurance brokers

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(1)

Every approved insurance broker shall immediately inform the Authority of any change in the control of the insurance broker.

(2)

For the purposes of this regulation, section 12A(7) of the Act shall apply as if every reference to authorised reinsurer were a reference to approved insurance broker.

Subregulation 1

Every approved insurance broker shall immediately inform the Authority of any change in the control of the insurance broker.

Subregulation 2

For the purposes of this regulation, section 12A(7) of the Act shall apply as if every reference to authorised reinsurer were a reference to approved insurance broker.

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