Cap. 487 · Insurance Distribution Act (Cap. 487)
Cap. 487 Art. 9List of persons carrying out insurance and reinsurance distribution activities.
PART III
(1) The competent authority shall establish and maintain a list of persons carrying out insurance distribution activities and reinsurance distribution activities of insurance agents, insurance managers and insurance brokers, in this Act separately referred to as the "Agents List", the "Managers List", or the "Brokers List", containing particulars of all persons which are entitled under this Act to be enrolled therein and which apply in the manner determined from time to time by the competent authority in Insurance Distribution Rules made for the purposes of this article. The said Lists shall be updated on a regular basis.
(2) The Agents List, the Managers List, and the Brokers List are to specify the names of the registered individuals within the management of the intermediary who are responsible for the insurance distribution activities or reinsurance distribution activities.
(3) In the case of cross-border activities carried out in terms of the Insurance Distribution Directive, the Agents List, the Managers List, and the Brokers List shall also indicate the Member States or the EEA States in which the intermediary is carrying out insurance distribution activities or reinsurance distribution activities, and the competent authority shall communicate that information to EIOPA, for the purpose of publication on EIOPA’s single electronic register in terms of Article 3(4) of the Insurance Distribution Directive.
(4) The competent authority shall have the right to modify such data stored on EIOPA’s single electronic register referred to in sub-article (3), and data subjects, whose personal details are stored on such register and exchanged, shall have the right to access such stored data and the right to be appropriately informed.
Änderungsgeschichte
- Amended by XXVI.2018.14