30Misdescription of business

##### 30 Misdescription of business (1) A life insurance broker (not being also a general insurance broker) shall not describe the broker or the broker’s business in a way that would be likely to lead a person into believing that the broker is a general insurance broker as well as a life insurance broker. (2) A general insurance broker (not being also a life insurance broker) shall not describe the broker or the broker’s business in a way that would be likely to lead a person into believing that the broker is a life insurance broker as well as a general insurance broker. (3) A registered insurance broker shall not, after the commencement of this Part, carry on business under a name that would be likely to mislead a person into believing that the broker is an insurer. Penalty: Imprisonment for 6 months. > Note: Subsection 4B(2) of the Crimes Act 1914 allows a court to impose an appropriate fine instead of, or in addition to, a term of imprisonment. If a body corporate is convicted of an offence, subsection 4B(3) of that Act allows a court to impose a fine of an amount that is not greater than 5 times the maximum fine that could be imposed by a court on an individual convicted of the same offence.