BORA-advice-Insurance-Contracts-Bill-PUBLISHED.pdf [pdf, 248 KB]
...Including in part 2, subpart 4, which addresses disclosure duties for non-consumer insurance contracts, part 2, subpart 6, which relates to insurers’ duties, part 4, subpart 2 which relates to the duties of brokers in relation to premiums, and schedule 3 clause 5 which relates to a third party claimant requesting information. 14. If a company contravenes these prohibitions, they commit an offence and are liable on conviction to a fine not exceeding $50,000.2 15. The Bill also pro...