GR-1.2.14
Past version: Effective from 01 Jul 2007 to 31 Mar 2012
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Amounts that may be deposited into a
(a) Monies received from the client for the purpose of purchasing contracts of insurance ;
(b) Monies received on behalf of the client from (re)insurance firms , insurance intermediaries and any other third parties relating to the settlement of insurance claims;
(c) Monies received for the purposes of the client which are incidental to the ordinary transactions of insurance broking business; and
(d) Monies required to be deposited for settlement of bank charges incurred on a client account.
Amended: January 2007