(1) Subject to this Part, the Registrar may either unconditionally or subject to such conditions as he or she considers necessary, register an applicant as an insurance salesman or an insurance agent of the company by which he or she was employed or contracted or as an insurance broker in respect of such class of insurance business as may be specified.
(2) The Registrar may subject to sections 62 and 63 register an applicant as an insurance salesman, an insurance agent, or an insurance broker where he or she is satisfied—
(a) that the applicant is a person of good character;
(b) that the applicant is competent to carry on business as an insurance salesman, an insurance agent, or an insurance broker in the particular class of insurance business in which he or she applied to be registered;
(c) in the case of a person applying to carry on business as an insurance broker, that he or she has such professional indemnity cover as may be required by the Registrar;
(d) in the case of an applicant who, before the commencement of this Part, was carrying on business in Saint Lucia as an insurance broker, an insurance salesman, or an insurance agent for a period of not less than 3 years, that he or she carried on such business in an efficient manner;
(e) that the applicant has complied with any requirement relating to the passing of any examination;
(f) where the application is for registration to carry on business as an insurance broker, or an insurance agent and the applicant is a body, whether incorporated or not, that having regard to the competence of the person managing the body or of the partners and such staff as the body may employ, the body is in relation to any class of insurance business in respect of which the application is made, capable of carrying on business efficiently in the capacity in which it seeks to be registered.
(3) The Registrar shall, where he or she refuses an application for registration under this part, notify the applicant in writing of his or her refusal either generally or in respect of a particular class of insurance business and give reasons for his or her refusal.