Regulation 5
Direct life insurers carrying on business as direct general insurance brokers
of Insurance (Transitional and Savings Provisions) Regulations 2003
Subsidiary LegislationIn forceProvision 5 of 6
Regulation 5
Any insurer registered under the Insurance Act to carry on direct life business, who, immediately before 1st January 2004, had lodged a notice of commencement of its business after the commencement of its business as a direct general insurance broker shall be deemed to have lodged a notice of commencement of its business as a direct insurance broker under regulation 11 of the Insurance (Intermediaries) Regulations 2003 (G.N. No. S 683/2003).