Membership Levels and RequirementsThere are two levels of NIBA membership designed to suit the structure of your business:
- Principal Membership is open to a company, trust partnership or sole trader working as a general, life, reinsurance broker or underwriting agency.
- Corporate Associate membership is available to a subsidiary company of a Principal Member.
Applications are considered very carefully to ensure that not only government requirements are met, but also NIBA's own strict conditions.If approved as a member, your firm must agree to the following:
A Principal Member applicant must have a director/shareholder/partner that is able to qualify as a NIBA College QPIB or QFSR. A Corporate associate member must also have either a NIBA College QPIB or a QFSR in a responsible position in their office. This designation must be maintained at all times.
The Application Process
The application process for NIBA membership takes approx eight to ten weeks.
Stage 1: Complete the application forms
- Forms can be obtained by emailing the NIBA Membership Registrar at registrar@niba.com.au.
- Applications can only be considered once you have submitted all your proof documents.
Stage 2. Business Reputation Check
- Applicant names are listed in the NIBA Gazette. If no objections are received the application is referred to the NIBA Divisional Committee in the applicant's State. Once the Divisional Committee approves the application it is referred to the NIBA Board for final approval.
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