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"content": "The Member is seeking to introduce a requirement that the Cabinet Secretary shall, by regulations, specify the categories of brokers and agents, the kind of business and capital requirements they may transact on credit with insurers, and specify the amount of the guarantee necessary against the volume of insurance business each broker undertakes. Further, the Member is seeking to introduce capital requirements and the related conditions for transaction of insurance business by brokers and agents. I find that these are entirely new matters which would then require public participation in furtherance to Article 118 of the Constitution."
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