(1) The Registrar shall issue a Certificate of Registration (in this Act referred to as “a Certificate”) to every person registered under this Part.
(2) A Certificate shall—
(a) be valid for one year from the date of issue and shall be renewable annually on the anniversary date of its issue;
(b) state the category and each class of insurance business in respect of which the person is registered; and
(c) where the person is registered as an insurance agent or an insurance salesman specify the insurance company in respect of which the person is so registered.
(3) A Certificate shall be prima facie evidence that the person named therein has been registered in the capacity stated therein.
(4) A person who displays a Certificate which is not valid, commits an offence and is liable on summary conviction to a fine of $500 and to a further fine of $50 for each day on which the offence continues after conviction thereof.