Section 7: List of Bodies corporate carrying on business as Insurance Brokers.

(1) The Council shall establish and maintain a list of bodies corporate carrying on business as Insurance Brokers (in this Act referred to as "the List") containing the names, principal places of business and such other particulars as may be prescribed by the Council.
(2) Subject to subsection (3) of this section and section 15 (1) of this Act, a body corporate shall be entitled to be enrolled in this List if it satisfies the Council that
(a) at least one partner or director is a registered Insurance Broker; and
(b) it is a limited liability company incorporated in Nigeria.
(3) An enrolled body corporate shall be eligible to use the title of "Incorporated Registered Insurance Brokers".
(4) Enrolment in the List shall be a condition precedent to the licensing of a body corporate by the National Insurance Commission.