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  4. S.I. No. 465/1997 - Insurance Act, 1989 (Section 49(3)) Regulations, 1997

S.I. No. 465/1997 - Insurance Act, 1989 (Section 49(3)) Regulations, 1997

The Minister for Enterprise, Trade and Employment, in exercise of the powers conferred on the Minister by sections 5 and 49 of the Insurance Act, 1989 (No. 3 of 1989) (as adapted by the Enterprise and Employment (Alteration of Name of Department and Title of Minister) Order, 1997 ( S.I. No. 305 of 1997 )), hereby makes the following regulations:

1. These Regulations may be cited as the Insurance Act, 1989 (Section 49(3)) Regulations, 1997.

2. Subsection (2) of section 49 of the Insurance Act, 1989 (No. 3 of 1989), shall come into force on the 1st day of January, 1998.

GIVEN under the Official Seal of the Minister for Enterprise, Trade and Employment this 20th day of November, 1997

John Corcoran

A person authorised by the Minister for Enterprise, Trade and Employment under section 15 of the Ministers and Secretaries Act, 1924 (No. 16 of 1924), to authenticate the Official Seal of the Minister.

EXPLANATORY NOTE

The purpose of these Regulations is to prescribe the maximum number of agencies which can be held by an insurance agent to 4 life agencies and 4 non-life agencies in accordance with Section 49 of the Insurance Act, 1989 (No. 3 of 1989).