Section 6: Qualifications for Registration.

(1) Subject to subsection (2) of this section, a person for registration shall be entitled to be registered as a broker if he satisfies the Council
(a) that he is an associate of the Chartered Insurance Institute of Nigeria or identical body outside Nigeria and recognised by the Institute;
(b) that he possesses a certificate issued by the Council after passing examination prescribed by the Council for Insurance Brokers; or
(c) that he possesses the certificate of the Chartered Insurance Institute of Nigeria as an Insurance Broker and is a Chief Executive of an insurance broking company registered under the Insurance Decree, 1997 and held such a position before coming into force of this Act.
(2) A person shall not be entitled to be registered in the Register by virtue of subsection (1) above unless to also satisfies the Council
(a) as to his character and suitability to be a registered Insurance Broker; and
(b) that he has had five years practical experience in the insurance industry.
(3) A registered Insurance Broker shall be eligible to use the title "Registered Insurance Brokers".
(4) Subject to the provisions of this Act and rules made by the Council, members of the Council shall be classified into four categories
(a) fellows;
(b) associates;
(c) ordinary members; and
(d) student members.
(5) Persons awarded any of the titles stipulated in this section shall be entitled to use the initials "FCIB" (Fellow, Council of Registered Insurance Brokers) "ACIB" (Associate Council of the Registered Insurance Brokers) as the case may be.