354(1)The Superintendent may issue to any suitable person a licence to act as a special insurance broker to negotiate, continue or renew contracts of insurance with insurers not authorized to transact the business of insurance in the Province.

354(2)Before being issued a licence under subsection (1), an applicant shall execute and deliver to the Superintendent security to the satisfaction of the Superintendent in an amount not less than $5,000 that the licensee will faithfully comply with all the requirements of this Act and the regulations or any other Act of the Legislature.

354(1)The Superintendent may, upon the payment of the prescribed fee, issue to any suitable person resident in or outside the Province, a licence to act as a special insurance broker to negotiate, continue or renew contracts of fire or marine insurance on property in the Province with insurers not authorized to transact such business in the Province.

354(2)An applicant for a licence referred to in subsection (1) shall file with the Superintendent a written application in which the applicant certifies the truth of the information provided, containing the information required of an insurance agent in applying for a certificate and any further information that the Superintendent requires.

354(3)If the Superintendent is satisfied with the statements and information required, he shall issue the licence, and it shall expire at such time as the regulations provide, unless sooner suspended or revoked.

354(4)The licence may, in the discretion of the Superintendent, be renewed upon payment of the prescribed fee without requiring anew the detailed information required in the case of an original application.

354(5)Every person shall before receiving such licence, execute and deliver to the Superintendent security to the satisfaction of the Superintendent in the sum of not less than five thousand dollars that the licensee will faithfully comply with all the requirements of this or any other Act of the Legislature.

354(6)The Superintendent, for cause shown similar to any of those entitling him to revoke the licence of an agent, may suspend or revoke the licence of an insurance broker.

354(7)A decision of the Superintendent to suspend or revoke a licence under subsection (6) may be appealed to the Tribunal within 30 days after the date of the decision.

354(7.1)Despite subsection (7), the Tribunal may extend the period for appealing a decision, before or after the expiration of the time, if it is satisfied that there are reasonable grounds for an extension.

354(1)The Superintendent may, upon the payment of the prescribed fee, issue to any suitable person resident in or outside the Province, a licence to act as a special insurance broker to negotiate, continue or renew contracts of fire or marine insurance on property in the Province with insurers not authorized to transact such business in the Province.

354(2)An applicant for a licence referred to in subsection (1) shall file with the Superintendent a written application in which the applicant certifies the truth of the information provided, containing the information required of an insurance agent in applying for a certificate and any further information that the Superintendent requires.

354(3)If the Superintendent is satisfied with the statements and information required, he shall issue the licence, and it shall expire at such time as the regulations provide, unless sooner suspended or revoked.

354(4)The licence may, in the discretion of the Superintendent, be renewed upon payment of the prescribed fee without requiring anew the detailed information required in the case of an original application.

354(5)Every person shall before receiving such licence, execute and deliver to the Superintendent security to the satisfaction of the Superintendent in the sum of not less than five thousand dollars that the licensee will faithfully comply with all the requirements of this or any other Act of the Legislature.

354(6)The Superintendent, for cause shown similar to any of those entitling him to revoke the licence of an agent, may suspend or revoke the licence of an insurance broker.

354(7)A decision of the Superintendent to suspend or revoke a licence under subsection (6) may be appealed to the Tribunal.

354(1)The Superintendent may, upon the payment of the prescribed fee, issue to any suitable person resident in or outside the Province, a licence to act as a special insurance broker to negotiate, continue or renew contracts of fire or marine insurance on property in the Province with insurers not authorized to transact such business in the Province.

354(2)The applicant for such licence shall file with the Superintendent a written application under oath giving such information as is required of an insurance agent in applying for a certificate, and such further information as the Superintendent prescribes.

354(3)If the Superintendent is satisfied with the statements and information required, he shall issue the licence, and it shall expire at such time as the regulations provide, unless sooner suspended or revoked.

354(4)The licence may, in the discretion of the Superintendent, be renewed upon payment of the prescribed fee without requiring anew the detailed information required in the case of an original application.

354(5)Every person shall before receiving such licence, execute and deliver to the Superintendent security to the satisfaction of the Superintendent in the sum of not less than five thousand dollars that the licensee will faithfully comply with all the requirements of this or any other Act of the Legislature.

354(6)The Superintendent, for cause shown similar to any of those entitling him to revoke the licence of an agent, may suspend or revoke the licence of an insurance broker.

354(7)A decision of the Superintendent to suspend or revoke a licence under subsection (6) may be appealed to the Tribunal.

354(1)The Superintendent may, upon the payment of the prescribed fee, issue to any suitable person resident in or outside the Province, a licence to act as a special insurance broker to negotiate, continue or renew contracts of fire or marine insurance on property in the Province with insurers not authorized to transact such business in the Province.

354(2)The applicant for such licence shall file with the Superintendent a written application under oath giving such information as is required of an insurance agent in applying for a certificate, and such further information as the Superintendent prescribes.

354(3)If the Superintendent is satisfied with the statements and information required, he shall issue the licence, and it shall expire at such time as the regulations provide, unless sooner suspended or revoked.

354(4)The licence may, in the discretion of the Superintendent, be renewed upon payment of the prescribed fee without requiring anew the detailed information required in the case of an original application.

354(5)Every person shall before receiving such licence, execute and deliver to the Superintendent security to the satisfaction of the Superintendent in the sum of not less than five thousand dollars that the licensee will faithfully comply with all the requirements of this or any other Act of the Legislature.

354(6)The Superintendent, for cause shown similar to any of those entitling him to revoke the licence of an agent, may suspend or revoke the licence of an insurance broker.

354(1)The Superintendent may, upon the payment of the prescribed fee, issue to any suitable person resident in or outside the Province, a licence to act as a special insurance broker to negotiate, continue or renew contracts of fire or marine insurance on property in the Province with insurers not authorized to transact such business in the Province.

354(2)The applicant for such licence shall file with the Superintendent a written application under oath giving such information as is required of an insurance agent in applying for a certificate, and such further information as the Superintendent prescribes.

354(3)If the Superintendent is satisfied with the statements and information required, he shall issue the licence, and it shall expire at such time as the regulations provide, unless sooner suspended or revoked.

354(4)The licence may, in the discretion of the Superintendent, be renewed for each succeeding year upon payment of the prescribed fee without requiring anew the detailed information required in the case of an original application.

354(5)Every person shall before receiving such licence, execute and deliver to the Superintendent security to the satisfaction of the Superintendent in the sum of not less than five thousand dollars that the licensee will faithfully comply with all the requirements of this or any other Act of the Legislature.

354(6)The Superintendent, for cause shown similar to any of those entitling him to revoke the licence of an agent, may suspend or revoke the licence of an insurance broker.