- Latest available (Revised)
- Original (As enacted)
This is the original version (as it was originally enacted).
(1)Any individual who wilfully—
(a)takes or uses any style, title or description which consists of or includes the expression " insurance broker " when he is not registered in the register, or
(b)takes or uses any name, title, addition or description falsely implying, or otherwise pretends, that he is registered in the register,
shall be liable on summary conviction to a fine not exceeding £400, or on conviction on indictment to a fine.
(2)Any body corporate which wilfully—
(a)takes or uses any style, title or description which consists of or includes the expression " insurance broker " when it is not enrolled in the list, or
(b)takes or uses any name, title, addition or description falsely implying, or otherwise pretends, that it is enrolled in the list,
shall be liable on summary conviction to a fine not exceeding £400, or on conviction on indictment to a fine.
(3)References in this section to the expression " insurance broker " include references to the following related expressions, that is to say " assurance broker ", " reinsurance broker " and " reassurance broker ".
(1)Where a practising insurance broker dies, then, during the period of three months beginning with his death or such longer period as the Council may in any particular case allow, the last foregoing section shall not operate to prevent his personal representatives, his surviving spouse or any of his children or trustees on behalf of his surviving spouse or any of his children from taking or using in relation to his business, but in conjunction with the name in which he carried it on, any title which he was entitled to take or use immediately before his death.
(2)Where a practising insurance broker becomes bankrupt, then, during the period of three months beginning with the bankruptcy or such longer period as the Council may in any particular case allow, the last foregoing section shall not operate to prevent his trustee in bankruptcy or, in Northern Ireland, the assignee in bankruptcy, from taking or using in relation to his business, but in conjunction with the name in which he carried it on, any title which he was entitled to take or use immediately before the bankruptcy.
Where an offence under this Act which has been committed by a body corporate is proved to have been committed with the consent or connivance of, or to be attributable to any neglect on the part of, any director, manager, secretary or other similar officer of the body corporate, or any person purporting to act in any such capacity, he as well as the body corporate shall be guilty of that offence and shall be liable to be proceeded against and punished accordingly.
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