Section 75: Registration of insurance salespersons

75. Registration of insurance salespersons (1) No person other than a natural person shall act as insurance salesperson for an insurer or insurance agent unless that person is registered with the Commission to act as such for that particular insurer or insurance agent. I15 – 51 [Issue 4] Insurance Act (2) The Commission shall keep and maintain a register of insurance salespersons. (3) No insurer or insurance agent shall appoint a person in Mauritius to act as an insurance salesperson unless that person is registered as such with the Commission. (4) An insurer or insurance agent shall, before appointing a person to act as its insurance salesperson, apply to the Commission for registration of that person as its insurance salesperson in such form, manner and medium as may be determined by the Commission. (5) The application under subsection (3) shall be accompanied by— (a) information or document establishing the fact that the salesperson is fit and proper and such other information or document as the Commission may determine; and (b) such fee as may be prescribed. (6) Where the Commission considers that a person is not fit and proper to be an insurance salesperson, it may— (a) refuse to register him as an insurance salesperson; or (b) where a person has already been appointed insurance salesperson, direct the insurer or insurance agent, as the case may be, to terminate the appointment, and remove the name of the insurance salesperson from its register of salesperson. (7) Where an insurer or insurance agent terminates the appointment of an insurance salesperson, it shall, within 14 days after the date of the termination, notify the Commission. (8) Any person who contravenes this section shall commit an offence and shall, on conviction, be liable to a fine not exceeding 500,000 rupees and to imprisonment for a term not exceeding 2 years. [S. 75 amended by s. 23A of Act 16 of 2007 w.e.f. 28 September 2007.]