(1) Examinations shall be held at least once each year.
(2) A candidate for examination may apply to the Registrar for an examination to be held in respect of any class of insurance business and, subject to subregulation (3), the examination shall be so held where at least 5 candidates have applied and paid the prescribed examination fee.
(3) An examination in respect of a particular class of insurance business shall not be held more than once in 3 months.