# The Insurance Brokers Registration Council Election Scheme Approval Order 1999, Paragraph 12


A person may only be nominated as a candidate for election as a person to represent registered insurance brokers if:—
(a) he is himself a registered insurance broker; and
(b) he has not within a period of 5 years ending on the nomination day fixed and published under paragraph 8(1) of this Scheme been adjudged bankrupt or made any arrangement or composition with his creditors.

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Source: https://www.legislation.gov.uk/uksi/1999/3030/schedule/paragraph/12 (the official version)
Page: https://openlegislation.uk/insurance-brokers-registration-council-election-scheme-approval-order-1999/schedule/paragraph-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.