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

Summary cancellation of licence

Cap. 251, s. 87 · Revised Edition 2020

The Supervisor may at any time cancel the license of a person under this Part– (a) if he is satisfied that such person has not carried on business in Belize as a broker, collector, agent or sub-agent as the case may be, during the one year period following his licensing, or has not carried on business in Belize as such for a period of more than one year; (b) in the case of a person licensed as an agent, or sub-agent that the licensing under this Act of the insurer or person for whom such first mentioned person was licensed as an agent, or sub-agent has been cancelled, or that the agency or sub-agency has been terminated; or (c) if such person so requests.
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