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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 May 2003 - onwards
  Version 2 of 2    

43F. Regulations (non-life insurance).

(1) Without prejudice to the generality of subsection (1) of section 43D, regulations made under that subsection may provide in relation to non-life insurance:

(a) that any or all of the following information shall be provided by an insurer or insurance intermediary to a client before or after the conclusion of the policy of insurance concerned:

(i) a written statement which shall specify -

(I) the amount of the premium,

(II) in the case of an insurance intermediary, the amount of the commission payment and any other amount payable to the insurance intermediary, if any, and the percentage of the premium represented by such commission payment or other amount,

(III) the amount of any discount and the percentage of the premium represented by such discount, and

(IV) the cost to the insurer of underwriting that part of the risk to be insured which relates to previous claims, if any, made by the client concerned;

(ii) where applicable, a written statement that any commission payment payable

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