Section 37: Fit and proper person

37. Fit and proper person (1) The Commission shall be deemed to have approved the appointment of a person under section 36 where it has not objected to such appointment within 15 days after having been notified in writing of the proposed appointment. (2) Where the Commission considers that a person referred to in section 36 is not fit and proper, it shall give to the insurer and to the person concerned a notice of its intention to object to such appointment, and the appointment shall be of no effect for so long as the notice of objection is not withdrawn. (3) The Commission shall not confirm its objection made under subsection (2) without giving the insurer and the person concerned an opportunity to make representations on the objection. (4) The Commission may, after taking into consideration the representations made under subsection (3), withdraw a notice of objection given under subsection (2).