Section 34: Interpretation.

In this Act-
"Auditor" means a person enrolled or registered as an accountant pursuant to any enactment in Nigeria;
"Board" means the Governing Board of the Council established under section 3 of this Act;
"body corporate" means an association of person or partnership duly registered under Part B of the Companies and Allied Matters Act, No. 1 of 1990;
"Council" means the Nigerian Council of Registered Insurance Brokers established under section 1 of this Act;
"employee" in relation to a body corporate, includes a director of the body corporate and shall be construed accordingly;
"enrolled" means enrolled in the List and "enrolment" shall be construed accordingly;
"Executive Secretary" means the Executive Secretary of the Council appointed under section 12 (1) of this Act;
"fees" includes annual subscription;
"functions" includes powers and duties;
"Incorporated Association" means the Nigerian Corporation of Insurance Brokers incorporated under the Companies and Allied Matters Act, 1990;
"Insurance Broker" means a registered Insurance Broker or enrolled body corporate and includes reinsurance broker;
"Insurer" or "Insurance Company" means a company which is carrying on insurance risk and is registered under the Insurance Act, 1997 for the purpose and includes a reinsurer;
"List" means the List of bodies corporate carrying on business as Insurance Brokers;
"member of the Corporation" means a person registered by the Corporation as a Registered Insurance Broker and "membership of the Corporation" shall be construed accordingly;
"Minister" means the Minister charged with responsibility for matters relating to Insurance and "Ministry" shall be construed accordingly;
"Panel" has the meaning assigned to it by section 16 of this Act;
"Practising Insurance Broker" means a registered Insurance Broker who is carrying on business as an Insurance Broker;
"prescribed" means prescribed rules under this Act;
"President", "Deputy President" and "Vice-President" means respectively the office holder under those names in the Council;
"profession" means the profession of insurance broking; and
"Register" means the register of Insurance Brokers and "registered" and "registration" shall be construed accordingly.