← belizelaw.ai · Insurance, Cap. 251 · PART IV — Insurance Intermediaries

Certificate of licence and intermediary card

Cap. 251, s. 84 · Revised Edition 2020

(1) The Supervisor shall furnish to every person licensed under this Part a certificate and an intermediary card in the prescribed form that such person has been licensed as a broker, collector, agent or sub-agent as the case may be, and such certificate and intermediary card shall– (a) state the class or classes of insurance in respect of which such person is so licensed; (b) state any conditions subject to which such person has been so licensed; and (c) in the case of the licensing of a person as an agent, sub-agent or collector specify the insurance company or person for whom such first mentioned person has been licensed as an agent, or as the case may be, a sub-agent or collector, and the certificate and intermediary card shall be prima facie evidence that the person stated therein as having been licensed has been so licensed for the calendar year in which the licence and intermediary card were issued. 119 (2) In the case of agents, sub-agents and brokers, the certificate shall be prominently displayed at the principal place of business of the person to whom it was issued and a copy thereof shall be similarly displayed at each of the branches and agencies of the business of such persons in Belize; the intermediary card shall be available for production by the intermediary whenever its production is requested. (3) A person who– (a) without reasonable excuse fails to comply with the provisions of sub-section (2); or (b) displays a certificate which is not valid, shall be liable to the imposition of an administrative penalty by the Supervisor of one thousand dollars and where the violation continues for a period of one month, he commits an offence and is liable on summary conviction to a fine of five thousand dollars.
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