5. Disclosure by authorised reinsurer

No authorised reinsurer shall invite any person in Singapore to make an offer or a proposal to enter into a contract of reinsurance without disclosing to the person the following:

its authorisation status and the class of business for which it is authorised; (b)that it is supplying the reinsurance service from outside Singapore and that it has no commercial or physical presence in Singapore; and (c)that it is subject to limited oversight by the Authority and is required to comply with authorisation requirements, and not licensing requirements, under the Act.