Circular No 5 of 2020 – Prohibition on employees of insurers to act as sub-agents

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The Financial Services Authority (“FSA”) would like to draw the attention of all its licensees under the Insurance Act, 2008(“the Act”), pertaining to various requests made by several insurance companies regarding the eligibility of part-time or full time employees within their organization to act as a sub-agents of the insurer.

Download Attachment here: Circular No 5 of 2020 Prohibition on  employees of insurers to act as sub‐agents

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