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Agents Management Framework

  1. General Insurance Agents Registration Regulations
  2. Fit and Proper Criteria
  3. The Code of Practice for Agents
  4. Agency Agreement
  5. Letter of Release
  6. Letter of Consent
  7. Best Practices Guide

Strict Compliance with Section 4(5)(4)-
Persons who are not duly registered as Nominee Agents

We wish to remind all Corporate Agencies to comply strictly with the regulations in respect of Section 4(5)(4) of the GIARR;-

“Ensure that the Corporate Agency shall not allow persons who are not duly registered with the Board as their Agents’ Nominee Agents to solicit and/or obtain general insurance business or engage in general insurance selling or advisory activities as nominees for the Agency.”

We stress that all Corporate Agencies are prohibited from allowing;-

i) unqualified persons to sell and give advice on insurance matters whether on the phone, fax or in person;
ii) unqualified persons to sign any cover notes, proposal forms or fact-find forms;-
iii) the free use of electronic signature of corporate nominee by staff.

 
 
 
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