(1) An insurance undertaking or reinsurance undertaking that, without reasonable excuse, fails to comply with Regulation 13 commits an offence.
(2) An insurance intermediary or reinsurance intermediary that, without reasonable excuse, fails to comply with a requirement imposed on insurance intermediaries or reinsurance intermediaries by or under Regulation 14, 15, 16, 17, 18, 19 or 23 commits s an offence.
(3) An insurance intermediary or reinsurance intermediary that -
(a) contravenes Regulation 21 (5), or
(b) fails to comply with Regulation 21(2), (6) or (7),
commits an offence.
(4) An insurance intermediary or reinsurance intermediary who -
(a) contravenes Regulation 22(3), or
(b) fails to comply with Regulation 21(5)
commits an offence.