The Insurance Brokers (Registration) Act 1977 (Amendment) Order 1999

• Citation: S.I. 1999/3000
• Sections: 3

Section 1 Citation and commencement

This Order may be cited as the Insurance Brokers (Registration) Act 1977 (Amendment) Order 1999 and shall come into force on 8th November 1999.

Section 2 Constitution of Council

Substitute for paragraph 1 of the Schedule to the Insurance Brokers (Registration) Act 1977 the following paragraph:—

(1) The Council shall consist of—

(a) six persons chosen to represent registered insurance brokers of whom one shall be Chairman of the Council;

(b) four persons nominated by the Treasury of whom one shall be a barrister, advocate or solicitor; and as regards two of the others, the Treasury, in making the nominations shall give due consideration that it would be desirable that one member of the Council should be a member of a recognised body of accountants and one a person appearing to the Treasury to represent the interests of persons who are or may become policyholders of insurance companies.

Section 3 Constitution of Council

Substitute for paragraph 3 of the Schedule to the Insurance Brokers (Registration) Act 1977 the following paragraph:—

(3) The Treasury, where the Council has not caused there to be an election or elections to fill a vacancy or vacancies, may nominate as members to the Council to represent registered insurance brokers, after consultation with the Council, persons to fill the vacancies.