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Article 35

Without prejudice to any severer penalty provided for in the Penal Code or in any other Law, a penalty of imprisonment for a period of no more than three months and a fine of no less than BD. 100 and no more than BD.500, or either penalty, shall be inflicted upon every person who carries on the business of insurance broker, actuary, inspection and loss adjuster or insurance consultant without being registered in the Register kept for this purpose at the Ministry of Commerce and Agriculture or without renewing his registration within the time limit stipulated by the Law.

The penalty shall be doubled in case of recurrence of the offence.