Section 13: Commissioner and Deputy Commissioners to be full-time members.

The Commissioner and Deputy Commissioners shall be full-time Commissioners and shall, while holding office in the Commission, not occupy or hold any other office or engage in any employment whether remunerated or not, but the Commissioner or Deputy Commissioners may, by virtue of their office, be appointed, with the approval of the Board to-(a) act as member of any body established by the Federal Government to inquire into any matter affecting insurance or other related matters in Nigeria; or
(b) become a member of a body (whether corporate or unincorporated), by whatever name called, of any international insurance organisation or institution in which the Federal Government has interest or has given support or approval;
(c) become a director of any corporation in Nigeria in which the Commission may participate.