Nigerian Council of Registered Insurance Brokers Act

Arrangement of Sections

1. Establishment of the Council

2. Duties of the Council

3. Governing Board

5. in the event of equality of votes, the President of the Council or the Chairman, as

6. of the Council shall be 15 members.

PART IV

Registration of Insurance Brokers

Registration of Insurance Brokers.

Qualifications for Registration.

List of Bodies corporate carrying on business as Insurance Brokers.

Refusal of Insurance Brokers application by the Council.

Supplementary provisions to the Register and List.

Publication of Register and List.

PART V

Election of Honorary Fellows and Associates

11. Election of Honorary Fellows and Associates.

PART VI

Executive Secretary and Other Staff

Executive Secretary and other staff.

Regulation of Professional Conduct.

PART VII

Fund of the Council

14. Fund of the Council.

PART VIII

Mode of Operation of Practising Insurance Broker and Enrolled Body Corporate

SECTION

Requirement for carrying on business.

Preliminary investigation of disciplinary cases.

Disciplinary Committee.

Erasure from the Register and List for crime, unprofessional conduct, etc.

Restoration of names erased as a result of disciplinary cases, etc.

Erasure from Register and List on ground of fraud or error.

Appeals in disciplinary and other cases.

Procedure of Disciplinary Committee.

Assessors to Disciplinary Committee.

General power to appoint Committee.

PART IX

Restriction on Use of Titles and Descriptions

Penalty for pretending to be registered, etc.

Exceptions.

Offences by bodies corporate.

False statement.

PART X

Miscellaneous and General

Transfer of assets and liabilities.

Power of the Minister to give directives to the Council.

Regulations.

Fees and practising certificate.

Amendment of Act No. 22 of 1993.

Interpretation.

Citation.

SCHEDULES

FIRST SCHEDULE

Supplementary Provisions relating to the Governing Board

SECOND SCHEDULE

Transitional Provisions as to Assets and Liabilities

NIGERIAN COUNCIL OF REGISTERED INSURANCE BROKERS ACT

An Act to provide for the establishment of the Nigerian Council of Registered Insurance

Brokers and for the transfer of all assets in custody of the Incorporated

Association to the Council; and for related matters.

[2003 No. 21.]