Section 99, The Insurance Act, 2016

(1) A direct insurance broker or reinsurance broker whoplaces a business of insurance with a foreign insurance company shall- (a) serve the Commission notice of the contract before placement of risk; (b) include any commission received on the transaction (2) An insurer who places a business of insurance with foreign insurance company on fronting basis shall (a) serve the Commission notice of the contract before placement of risk; (b) include any commission received on the transaction as part of the gross commission received by the insurer during the relevant year. (3) A person who contravenes this section commits an offence and shall be liable on summary conviction to a fine of Le 30,000,000.00