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The Laws of Fiji
Last Updated: 1 August 2022

[INS 29] Conditions of licence29 

29
(1) The Reserve Bank may at any time after issuing a licence under section 25 by notice in writing add to or vary the existing terms or conditions of the licence or impose any terms or conditions on the licence.
(2) An insurer who fails to comply with any terms or conditions imposed under section 25(1) or subsection (1) of this section commits an offence and is liable on conviction to a fine of $20,000 and, in the case of a continuing offence, to a further fine of $2,000 for every day during which the offence continues.