Procedure to Become an IBNA Member

1. Every candidate for membership of the company shall execute and deliver to IBNA Limited an application for membership in such form as the directors from time to time determine.

2. All applications for membership shall be reviewed by the General Manager and gazetted to IBNA principal members and a recommendation submitted to the national board. In delivering a recommendation, the General Manager shall take into consideration comment sought from the chair of the state that the applicant originates from, IBNA product and service providers and insurers/premium funders with whom the applicant deals.

3. The application, together with supporting documentation and the General Manager’s recommendation, will be included in board papers for the following directors' meeting. At that meeting directors will determine the admission or rejection of the application. In no case shall the Board be required to give any reason for rejection of an application.

4. When an application has been accepted for membership of the company, written notice of acceptance will be sent to the applicant. The applicant will be required to enter into a Deed of Licence with the company and provide fees associated with the annual licence. IBNA will notify its members and business partners in writing of the new member. When an application for membership is rejected, the company shall forthwith send the applicant written notice of such rejection.

Back to Main Page