Full legislation
s.64ZI
Licensed individual insurance agent no longer appointed by authorized insurer
If a licensed individual insurance agent ceases to be appointed as an agent by at least one authorized insurer— (a) the licence of the licensed individual insurance agent 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 individual insurance agent is revoked on the expiry of those days.