2023 Laws not yet authenticated through a Commencement Order

Revised Laws of Saint Lucia (2023)

3.   Prescription of brokers' returns forms

The following forms are hereby prescribed for purposes of section 69 of the Act—

RETURNS FROM BROKERS FOR THE YEAR ENDED
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1.Name:
2.Business Address:
3.Corporate Status:
4. Premium Handled: (In respect of all arrangements other than Lloyds)
Class of BusinessPaid to Insurers in St. LuciaPaid to Insurers outside St. Lucia
Company NameDirectReinsuranceCompany NameDirectReinsurance
Property
Marine, Aviation and Transport
Motor
Personal Accident
Liability
Pecuniary
Total – General Insurance
Ordinary Life
Industrial Life
Total Long-term Insurance
5. Business Details – in respect of Lloyds Representatives\Cover Holders
Class of BusinessDirectReinsurance
Premium WrittenClaims PaidClaims OutstandingPremiums PaidClaims PaidClaims Outstanding
Property
Marine, Aviation and Transport
Motor
Personal Accident
Liability
Pecuniary Loss
Total
Ordinary Life
6. Remuneration
a)Basis of remuneration in each class:
b)Actual income from brokerage and commissions during the year:
7. Powers:
a)Do you hold a Power of Attorney or a binding authority from any insurer or group of underwriters?
b)If so give brief details (attach specimen).
c)Are you authorized to issue any documents (policies, cover notes, certificates etc.) to your clients? Give brief details.
d)Are you authorized to collect premiums and settle claims? If so give brief details of extent of authority.
8. Please state mode and periodicity of remittance of dues to insurers.
9. Please provide information on premiums due to each insurer and list the aging of the sums outstanding.
10. Do you work as a full-time broker? If it is conducted in conjunction with any other business, please give brief details (including agency representations of insurers, if any).
I/We hereby declare that the information given above are true and correct to the best of our knowledge and belief.
..................................................
     Signature
Date: