Insurance managers

(1) No person shall act as– (a) an insurance manager for, or in relation to, a registered international insurer; or (b) an international insurance broker, unless that person is registered in a register kept by the Supervisor in accordance with regulations and has paid to the Supervisor the prescribed registration fee and every prescribed renewal fee. (2) An applicant for registration shall provide such documents and information as may be required by the Supervisor including, without limiting the generality of the foregoing, such documents and information as the Supervisor may require to satisfy himself that the applicant is a person in good standing and has or has available adequate knowledge and expertise to provide satisfactory insurance management services in Belize. (3) Sections 23, 24, 25 and 32 of this Act, shall apply, with the necessary modifications, in relation to any person acting as an insurance manager or insurance broker to the same extent as they apply to a registered insurer. (4) The Supervisor may, if he thinks it proper to do so– (a) refuse to register any application for registration; and (b) cancel any registration at any time. (5) Where a person carries on a business which in any respect is, or in the opinion of the Supervisor appears to be, of a similar character to the business carried on by an insurance manager or insurance broker, that person, upon a declaration made by the Supervisor in writing, shall be subject to the provisions of this section and shall be deemed to be acting as an insurance manager or insurance broker, as the case may be. (6) Any person who contravenes sub-section (1) or wilfully– (a) takes or uses any style, title or description which consists of or includes the expression “insurance manager” when he is not so registered; or (b) takes or uses any style, title or description falsely implying, or otherwise pretends, that he so is registered, commits an offence against this Act.