20. Use of words “approved insurance broker”, etc.

An approved insurance broker shall not —

use any word, other than the words “approved insurance broker” or any of its derivatives in any language, to indicate that it carries on business as an approved insurance broker; or (b)use the words “insurance broking” or any of its derivatives in any language, or any other word, indicating that it carries on business as an insurance broker in Singapore, or make any representation to such effect in any bill head, letter paper, notice, advertisement or in any other manner.