11. Use of words “authorised reinsurer”, etc.

An authorised reinsurer shall not —

use any word, other than the words “authorised reinsurer” or any of its derivatives in any language, to indicate that it carries on the business of providing reinsurance, as principal and as an insurer, to persons in Singapore, from outside of Singapore; or (b)make any representation to such effect in any bill head, letter paper, notice, advertisement or in any other manner.