(1) A person other than an insurer or insurance intermediary licensed under this Act shall not

(a) use the words "insurance", "assurance" or "underwrite" or any combination or derivative as part of the business name, style or title of that person,

(b) use a word that in the opinion of the Commission connotes an insurance business or the business of an insurance intermediary, or

(c) Make a representation in a document or in a manner that is likely to suggest that the person is an insurer or insurance intermediary licensed under this Act.

(2) A person who contravenes subsection (1) commits an offence and is liable on summary conviction to the penalty stated in the first Schedule.