Singapore legislation
Regulation 4
Regulation 4
Approval of insurance brokers
Subregulation 1
A designated entity may apply in writing to the Authority for approval for the purposes of these Regulations in such form and manner as the Authority may specify.
Subregulation 2
The designated entity shall furnish such information and provide such supporting documentary evidence as the Authority may require.
Subregulation 3
Upon receiving an application under paragraph (1), the Authority shall consider the application and may, subject to regulation 5 —
(a)
approve the applicant with or without conditions; or
(b)
refuse to approve the applicant.
Subregulation 4
The Authority may approve the applicant as an approved MAT insurance broker, an approved general reinsurance broker, an approved life reinsurance broker or a combination of any of these.