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s 32

Licensee’s triennial certificate: late renewal

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Part IIILicensing of agents

32 Licensee’s triennial certificate: late renewal

(1)

If a licensee’s triennial certificate is renewed within the period of one month immediately succeeding the day on which the triennial certificate expired or was surrendered, the renewal takes effect on and from the day next succeeding the day on which the triennial certificate expired or was surrendered.

(2)

If a licensee’s triennial certificate is renewed more than 1 month but not more than 12 months after the day on which the triennial certificate expired or was surrendered, the renewal takes effect —

(a)

if the Commissioner is satisfied that there is reasonable cause for the renewal to take effect on and from the day after the day on which the triennial certificate expired or was surrendered — on that day; or

(b)

otherwise — on the day the renewal is granted.

[Section 32 amended: No. 58 of 2010 s. 134; No. 25 of 2019 s. 45.]

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