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

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Draft Legislation:

This is a draft item of legislation and has not yet been made as a UK Statutory Instrument.

Constitution of Council

2.  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.”

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