Insurance Act, 1989

Intermediaries' indemnity insurance.

45.—The Minister may, by regulations, provide that a person shall not act as or hold himself out to be an insurance broker or an insurance agent unless he effects a policy of professional indemnity insurance in a specified form, indemnifying him to such sum, in such manner, in respect of such matters and valid for such minimum period as the Minister may prescribe, from time to time, under this section.