Full legislation
s.64ZH
Licensed insurance agency no longer appointed by authorized insurer
If a licensed insurance agency ceases to be appointed as an agent by at least one authorized insurer— (a) the licence of the licensed insurance agency is suspended on and from the date on which the cessation takes effect; and (b) where the cessation continues for 180 days after that date—the licence of the licensed insurance agency is revoked on the expiry of those days.