Regulatory Alerts2017-08-25 | 29520To All Brokers: Compliance with Section 91(2)(h) of the Insurance Act
The Insurance Sector regulator has directed all licensed brokers to comply with Section 91(2)(h) of the Insurance Act. This statutory requirement mandates specific operational and reporting standards that brokers must consistently uphold to maintain their regulatory standing. Non-compliance exposes brokerage firms to potential enforcement actions and operational restrictions.
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