Full legislation
s.64ZK
Revocation and suspension of technical representative (broker) licence
(1) If a licensed technical representative (broker) ceases to be appointed as an agent by at least one licensed insurance broker company, the licence of the licensed technical representative (broker) is suspended on and from the date on which the cessation takes effect. (2) If— (a) a licensed technical representative (broker) is appointed by 1 licensed insurance broker company only; and (b) the licence of the licensed insurance broker company by which the licensed technical representative (broker) is appointed is suspended under section 64ZO(1) , the licence of the licensed technical representative (broker) is suspended on and from the date on which the licence of the licensed insurance broker company is suspended. (3) If— (a) a licensed technical representative (broker) is appointed by more than one licensed insurance broker company; and (b) the licences of all the licensed insurance broker companies by which the licensed technical representative (broker) is appointed are suspended under section 64ZO(1) , the licence of the licensed technical representative (broker) is suspended on and from the date on which the licence of the last of those licensed insurance broker companies is suspended. (4) If the licence of a licensed technical representative (broker) is suspended continuously for 180 days under this section, the licence is revoked on the expiry of those days.