Full legislation
s.64ZZB
Procedural requirements for rejecting application, or imposing or amending conditions
(1) The Authority must not— (a) reject an application made under section 64U(1) or 64ZV(1) for an insurance agency licence or a renewal of such a licence; (b) impose a condition under section 64ZG(2) or (3) or 64ZW(1) on granting or renewing such a licence; or (c) amend such a condition under section 64ZG(4) or 64ZW(1) , without giving the applicant an opportunity to make representations as to why the application should not be rejected or why the condition should not be imposed or amended. (2) The Authority must not— (a) reject an application made under section 64W(1) or 64ZV(1) for an individual insurance agent licence or a renewal of such a licence; (b) impose a condition under section 64ZG(2) or (3) or 64ZW(1) on granting or renewing such a licence; or (c) amend such a condition under section 64ZG(4) or 64ZW(1) , without giving the applicant an opportunity to make representations as to why the application should not be rejected or why the condition should not be imposed or amended. (3) The Authority must not— (a) reject an application made under section 64Y(1) or 64ZV(1) for a technical representative (agent) licence or a renewal of such a licence; (b) impose a condition under section 64ZG(2) or (3) or 64ZW(1) on granting or renewing such a licence; or (c) amend such a condition under section 64ZG(4) or 64ZW(1) , without giving the applicant an opportunity to make representations as to why the application should not be rejected or why the condition should not be imposed or amended. (4) The Authority must not— (a) reject an application made under section 64ZA(1) or 64ZV(1) for an insurance broker company licence or a renewal of such a licence; (b) impose a condition under section 64ZG(2) or (3) or 64ZW(1) on granting or renewing such a licence; or (c) amend such a condition under section 64ZG(4) or 64ZW(1) , without giving the applicant an opportunity to make representations as to why the application should not be rejected or why the condition should not be imposed or amended. (5) The Authority must not— (a) reject an application made under section 64ZC(1) or 64ZV(1) for a technical representative (broker) licence or a renewal of such a licence; (b) impose a condition under section 64ZG(2) or (3) or 64ZW(1) on granting or renewing such a licence; or (c) amend such a condition under section 64ZG(4) or 64ZW(1) , without giving the applicant an opportunity to make representations as to why the application should not be rejected or why the condition should not be imposed or amended. (6) The Authority must not— (a) reject an application made under section 64ZE(1) for the approval of an individual as a responsible officer of a licensed insurance agency; (b) impose a condition under section 64ZG(2) or (3) on such an approval; or (c) amend such a condition under section 64ZG(4) , without giving the individual and the licensed insurance agency or an applicant for an insurance agency licence an opportunity to make representations as to why the application should not be rejected or why the condition should not be imposed or amended. (7) The Authority must not— (a) reject an application made under section 64ZF(1) for the approval of an individual as a responsible officer of a licensed insurance broker company; (b) impose a condition under section 64ZG(2) or (3) on such an approval; or (c) amend such a condition under section 64ZG(4) , without giving the individual and the licensed insurance broker company or an applicant for an insurance broker company licence an opportunity to make representations as to why the application should not be rejected or why the condition should not be imposed or amended. (8) In this section, a reference to an opportunity to make representations is a reference to an opportunity to make written representations or oral representations.