Section 15: Penalties for unprofessional conduct.

(1) Where-
(a) a person enrolled or registered under this Act is adjudged by the Disciplinary Committee to be guilty of infamous conduct in any professional respect; or
(b) a person enrolled or registered under this Act is convicted, by any court or committee in Nigeria or elsewhere having power to impose punishment, of an offence (whether or not punishable with imprisonment) which in the opinion of the Disciplinary Committee is incompatible with the status of an insurance practitioner; or
(c)
the Disciplinary Committee is satisfied that the name of any person has been fraudulently enrolled or registered,
the Disciplinary Committee may, if it thinks fit, give a direction reprimanding that person or ordering the Registrar to strike his name off the relevant part of the register.
(2) The Disciplinary Committee may, if it thinks fit, defer or further defer its decision as to the giving of a direction under subsection (1) of this section until a subsequent meeting of the Disciplinary Committee; but-
(a) no decision shall be deferred under this section for periods exceeding one year in the aggregate; and
(b) no person shall be a member of the Disciplinary Committee for the purposes of reaching a decision which has been deferred or further deferred, unless he was present as a member of the Disciplinary Committee when the decision was deferred.
(3) For the purpose of subsection (1) (b) of this section, a person shall not be treated as convicted as therein mentioned unless the conviction stands at a time when no appeal or further appeal is pending or may (without extension of time) be brought in connection with the conviction.
(4) When the Disciplinary Committee gives a direction under subsection (1) of this section, the Disciplinary Committee shall cause notice of the direction to be served on the person to whom it relates.
(5) The person to whom a direction given under subsection (1) of this section relates may, at any time within twenty-eight days from the date of service on him of notice of the direction, appeal against the direction to the Federal High Court and the Disciplinary Committee may appear as respondent to the appeal and, for the purpose of enabling directions to be given as to the costs of the appeal and of proceedings before the Federal High Court, the Disciplinary Committee shall be deemed to be a party thereto whether or not it appears on the hearing of the appeal.
(6) A direction of the Disciplinary Committee under subsection (1) of this section shall take effect where-
(a) no appeal under this section is brought against the direction within the time limited for such an appeal, or on the expiration of that time; or
(b) such an appeal is brought and is withdrawn or struck out for want of prosecution, or the withdrawal or striking out of the appeal; or
(c) any such appeal is brought and is not withdrawn or struck out as aforesaid, if and when the appeal is dismissed.
(7) A person whose name is struck off the register in pursuance of a direction of the Disciplinary Committee under this section, shall not be entitled to be enrolled or registered again except in pursuance of a direction in that behalf; given by the Disciplinary Committee on the application of that person.
(8) A direction under this section for the striking off of a person's name from the register may prohibit an application under this subsection by that person until the expiration of such period from the date of the direction (and where he has duly made such an application, from the date of his last application) as may be specified in the direction.