By Yinka Bolarinwa
The Institute has four categories of membership.

Fellows: Majority of the Fellows are practitioners who qualified by examination, and hold the Fellowship of the Chartered Insurance Institute of London (FCII).  They were on application awarded Fellowship of the CIIN (FIIN).  Others are honorary fellows, awarded Fellowship by the Institute in recognition of their professional contribution to the industry and the Institute.  CIIN does not award Fellowship by its own examination.

Associates: The Associates are those who completed the Institute’s qualifying examinations, and are awarded the Associateship Diploma (AIIN).  AIIN is also awarded to Associates of the CII London on application.

Student members: Those who enroll as such and are studying for the qualifying examination to qualify as Associates.

Ordinary members: Other persons who are interested in the activities of the Institute, or persons who have other professional qualifications and are not interested in the qualification, but are employed in the insurance industry.

The Institute also conducts the Insurance Proficiency Certificate (IPC) examinations for those who do not possess the qualification to enroll for Associateship Examinations.  IPC is the minimum qualification which an insurance agent is required to posses.  Possession of the Certificate also qualifies a person to enroll for the qualifying examinations for the Associateship of the Institute.

Organs and Powers of the Institute

The major organs through which the Institute performs its functions are generally laid down in the various sections of the Charter. These organs are:

The Council (section 3(1) – 5, the Registrar and the Register (section 8(1) – 9(3), and the Disciplinary Tribunal Section 14(5)

The Council: This is the supreme organs of the institute and is saddled with the administration and general management of the institute. The Council shall consist of the following:

(a) President/Chairman of the Institute;

(b) Deputy-President/Vice-Chairman;

(c) The Commissioner of Insurance

(d) Two nominees of Nigerian Insurance Association

(e) One nominees of the Institute of Loss Adjusters;

(f) All past Presidents of the Institute; and

(g) 12 person elected at the annual general meeting.

The Council has the power to do anything considered appropriate in carrying out the activities of the institute– Section 5.

The governing council of CIIN carries out its duties through a number of committees. These are Activities, Board of Fellows, Building, College of Insurance, Disciplinary committees. Others are Investigation Panel, Editorial, Education, Enabling Law, Examinations, Fellowship Assessment, Finance & General Purposes, and Government Relations. The rest are MCPD, Membership & Professional, Society of Fellows, Accreditation Committee, Elders Committee, and the Treasurer.

This concludes the series about regulators in the insurance industry.