Section 90

Any insurer which on the coming into force of this Order is already permitted under administrative arrangements by the Ministry of Finance to carry on general business or life business, as the case may be, shall be deemed to be registered under subsection (2) of section 9 for a period of 6 months from the date of commencement of this Order or from such later date as the Authority may in any particular case determine and may within that period carry on the insurance business which was being lawfully carried on by it immediately before the commencement of this Order.

[S 88/2006]

Incorporating amendments until S 1/2016

(Clean copy) NANI/H.AFIF/fiqah _ as of 3rd July 2020

82

BLUV as at 14th January 2016

Within the period of 6 months or from such later date as the Authority may in any particular case determine referred to in subsection (1), the insurer shall apply for registration in accordance with subsection (1) of section 9 in respect of the period after the period referred to in subsection (1).

An insurer which is deemed by virtue of subsection (1) to be registered under subsection (2) of section 9 shall no later than 3 months after the date of commencement of this

Order comply with section 5 regarding the requirements for carrying on business as an insurer

(save the requirement as to registration).