##### 31 Brokers to disclose agency (1) A life insurance broker (not being also a general insurance broker) shall not, as agent of an insurer in respect of general insurance business, do any act, for or in relation to an intending insured, in respect of insurance other than life insurance unless the broker has first informed the intending insured that, in doing that act, the broker would be acting as agent of the insurer and not of the intending insured. (2) A general insurance broker (not being also a life insurance broker) shall not, as agent of an insurer in respect of life insurance business, do any act, for or in relation to an intending insured, in respect of life insurance unless the broker has first informed the intending insured that, in doing that act, the broker would be acting as agent of the insurer and not of the intending insured. Penalty: 60 penalty units.

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