Singapore legislation
Regulation 9
Regulation 9
Disclosure by approved insurance broker
No approved insurance broker shall invite any person in Singapore to make an offer or a proposal to enter into a contract of insurance without disclosing to the person all material information, including —
its business name, business address, email address and telephone number;
its approved status;
that it is providing the insurance broking service from outside of Singapore and that it has no commercial or physical presence in Singapore;
that it is subject to limited oversight by the Authority and is required to comply with approval requirements, and not registration requirements, under the Act;
the type of insurance broking activity that it is approved to provide under these Regulations;
the name of the insurer;
his relationship with the insurer; and
the premium charged by the insurer.