Section 19
Annual fees
of Insurance Intermediaries Act
ActIn forceProvision 28 of 42
Section 19
(1)
Every registered insurance broker shall pay to the Authority such annual fees as may be prescribed.
(2)
The Authority may prescribe different annual fees for different types of registered insurance brokers.
(3)
The Authority may exempt wholly or in part any registered insurance broker from the payment of the annual fees prescribed under this section.