Section 19: Education fund.

The Commission shall apply the proceeds of the education fund established in pursuance of subsection (1) (b) of section 17 of this Act, as contribution to-(a) the Chartered Insurance Institute of Nigeria;
(b) the West African Insurance Institute;
(c) such other insurance educational institutions as the Board may, from time to time, determine, to assist the institutions in the education of professionals required for the insurance industry.