The insurance broker shall advise the Insurance Authority of any change may develop in any of the particulars, information or documents on their basis the broker’s registration has been accomplished within fifteen days as from date of occurrence.
In case the post of the manager in charge became vacant, the broker shall advise the Insurance Authority and appoint another in his place within one month as from date of the post becoming vacant and notify the Insurance Authority of the new manager’s name and qualifications. However, the new manager in charge shall meet the destined requisites.
