176 tal-1994 (ln_1994_176) | MT

Malta Government Gazette — Legal Notice 1994 176 — 176 tal-1994 – Regolamenti tal-1994 dwar l-Impriża ta' l-Assigurazzjoni (Drittijiet)

Preamble — 176 tal-1994 – Regolamenti tal-1994 dwar l-Impriża ta' l-Assigurazzjoni (Drittijiet) Open official source

INSURANCE BUSINESS ACT

(CAP. »0)

IaaoI'MC'e Bua_ (F_l Rfauu.tIol15. l~

IN exerciK of the POWCI"$ conferred by $eCl:ion 25 of the Insurance

BusillCSS Ad, the Minister of Finlocc hu made the following

l'I:'Julati0n5: -

I. ( t ) These ululations may be ciled IS lne Insurance Business

- - - - ( Fees) Regulaliom, 1994.

(2) Thett regulations shall come into force on IM 1st

December , 1994.

(I)

Sub;ea 10 the following provWon$ of lhis regulation

Gazzetta tal-Gvern ta' Malta — Avviż Legali 1994 176 — 176 tal-1994 – Regolamenti tal-1994 dwar l-Impriża ta' l-Assigurazzjoni (Drittijiet)

Skeda — 176 tal-1994 – Regolamenti tal-1994 dwar l-Impriża ta' l-Assigurazzjoni (Drittijiet) Open official source

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2. Mrug ta' lice nza Jew

awtorill .....••••... .................

Malta Government Gazette — Legal Notice 1994 176 — 176 tal-1994 – Regolamenti tal-1994 dwar l-Impriża ta' l-Assigurazzjoni (Drittijiet)

Reg. 2 _10""-' — 176 tal-1994 – Regolamenti tal-1994 dwar l-Impriża ta' l-Assigurazzjoni (Drittijiet) Open official source

I~ $baU be levied by the: Chief Executive of the Malta Financial

Scrvica Centre on behalf of the $aid Centre tbe fees specified in the

Sdlcdulc 10 these ululalioru.

(2) Where a comrany is licensed to operate as an insurer, if

lhoe compan y is, lI the same tIme , authoti$ed 10 service an~ of i15 own old

poIkies, the fu specified for scrvicinJ old policies shall not be due from

SU(h company.

s...b~

(3)

10 the pl'O\1SIOflS of paragraph (2) of Ihis

rc",blion. when: a «Impao)' is authorised 10 service il5 own old non ·life

policies, the fu due from such company Ihall -

(a) for the: fint year of servicing. be that specified for

ronlinued opcnnion.

(b) for " Iy other subsequent year of servicing, be that

specified for ~rnc; ng old !\OIl-life poliein.

(.()Whcre . company islicenscd tOacl.! an agent on behalf of

mote trn.n one insurer. the fee specified for oont inued operalion shal l be

due from such compan y as if the oompany were li~nsed 10 act as an

.gent of one imu rer .

(5) Where I com~ny is licen~d 10 act as an agent , if the

coiilp.ny applies for. 101,1 withdraw. l 01 operations jointly with the

insurer 011 who$c beh.lf such com~ny acts. and such company is

.nd .

JTiintcd .n authorisalion 10 ilCrvice old policies of its former princi pal

~noc to Id 15 an agent on behalf of another insurer. the tee

specified for an applicalion for lotal withdrawal of operations shall nOI

be due from such company.

(6) The fee specified for continued opcl'1llion which is due

from. compan y licerued 10 act as an agenl shall. in like manner. be due

from the p~r. on who h~. IWl1nan~nt autholity to ~rt for ~ for~igIl

r Olnpany lir ~nse (l to op~r~te dir~ rtly as an lllslU· ~r.

(7) For th~ Inul)O s~ of this r~gIlhrion th~ Hpr~ .. ion " to

. ~r\"~ ·· III r~hrion to oh! polirie . lllClude s the nlU-off os furh polirie s.

3 . The hlslU'anr~ Busllle ss (F ~e .) RegIlbtion •. 1981. are h~reby

repealed.

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SCH ED ULE

( Regulation 2)

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I. ApPlication for a licence

ISO

SO

oraulhonly ............ ".,', ......

•

lie>en.:e ~

of

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authority ..... .......................

ISO

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Malta Government Gazette — Legal Notice 1994 176 — 176 tal-1994 – Regolamenti tal-1994 dwar l-Impriża ta' l-Assigurazzjoni (Drittijiet)

Reg. 3 — 176 tal-1994 – Regolamenti tal-1994 dwar l-Impriża ta' l-Assigurazzjoni (Drittijiet) Open official source

ApJB:atim!or an additional

,

class Or classes of business 10 a

is

"

licence or authority held

,

ApprQval of an addi tional

class or classes of business 10 a

"

licence or authority held

SO

,.

Continued operation 0>

renewal of a licence or authority

payable on hi January of cacll

,''''

.

SO

SOO

year

Gazzetta tal-Gvern ta' Malta — Avviż Legali 1994 176 — 176 tal-1994 – Regolamenti tal-1994 dwar l-Impriża ta' l-Assigurazzjoni (Drittijiet)

Reg. 4 — 176 tal-1994 – Regolamenti tal-1994 dwar l-Impriża ta' l-Assigurazzjoni (Drittijiet) Open official source

Approvazzjoni ta ' kl assi

je w kla§Sijiet addizzjonati la'

negmju dwar litenza jew awtc.>-

rita mitmuma ••...... ....... .•.....

\0

2S

Gazzetta tal-Gvern ta' Malta — Avviż Legali 1994 176 — 176 tal-1994 – Regolamenti tal-1994 dwar l-Impriża ta' l-Assigurazzjoni (Drittijiet)

Reg. 5 — 176 tal-1994 – Regolamenti tal-1994 dwar l-Impriża ta' l-Assigurazzjoni (Drittijiet) Open official source

Biex litenza jew awtoritA

tkom pli !oSehh je ... tiUedded, li

jill'lallas ft-I la' J lnnar ta' kull

SOO

sena .................. ..... ...........

Malta Government Gazette — Legal Notice 1994 176 — 176 tal-1994 – Regolamenti tal-1994 dwar l-Impriża ta' l-Assigurazzjoni (Drittijiet)

Reg. 6 — 176 tal-1994 – Regolamenti tal-1994 dwar l-Impriża ta' l-Assigurazzjoni (Drittijiet) Open official source

Servicing o ld policies

pa yable on IsI January of each

year:-

,''''

Life policies ............

(i)

SOl

ISO

Non-life policies

(ii)

Malta Government Gazette — Legal Notice 1994 176 — 176 tal-1994 – Regolamenti tal-1994 dwar l-Impriża ta' l-Assigurazzjoni (Drittijiet)

Reg. 7 — 176 tal-1994 – Regolamenti tal-1994 dwar l-Impriża ta' l-Assigurazzjoni (Drittijiet) Open official source

Application 10> partial

SO

withdrawal 0( opemlions

"

'M" 200

Malta Government Gazette — Legal Notice 1994 176 — 176 tal-1994 – Regolamenti tal-1994 dwar l-Impriża ta' l-Assigurazzjoni (Drittijiet)

Reg. 8 — 176 tal-1994 – Regolamenti tal-1994 dwar l-Impriża ta' l-Assigurazzjoni (Drittijiet) Open official source

Application

10>

withdrawal cl operations

SOO

,.

ISO

Filing of annual accounts

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M;,bu" 8.,,,_ti)lo al-O .. ", _ I'n-.t .. d..- a."w,,,-,,,

Gazzetta tal-Gvern ta' Malta — Avviż Legali 1994 176 — 176 tal-1994 – Regolamenti tal-1994 dwar l-Impriża ta' l-Assigurazzjoni (Drittijiet)

Reg. 9 — 176 tal-1994 – Regolamenti tal-1994 dwar l-Impriża ta' l-Assigurazzjoni (Drittijiet) Open official source

Preten tala la' kontijiet

I"

lOO

annwali ..............................

lOO

176 tal-1994

Table of Provisions (10)

Statutory Text (10 Articles)

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