Page 116 - Insurance Surveyors Book Ebook IC S01

Survey And Loss Assessment IC-S01

Functions of the Institute

(1) The Institute shall grant appropriate membership to the person eligible, within 15

days from the date of receipt of application for membership. The license issued by

the Authority to act as a Surveyor and Loss Assessor shall be based on the following

criteria, including any other criteria as may be specified:

(a) Membership

(i) Licentiate Member: Any person holding a valid license issued by the Authority to

act as Surveyor and Loss Assessor, and fulfils other criteria set out in Regulation 15

(1) (b).

(ii)Associate member: Any Licentiate Member and holding valid license continuously

for a period not less than 8 years and fulfils other criteria set out in Regulation 15 (1)

(b).

(iii) Fellow Member: Any Associate Member and holding valid license continuously

for a period not less than 16 years and fulfils other criteria set out in Regulation 15

(1) (b). Provided that any person holding a valid license issued by the Authority as on

date of notification of these Regulations may be issued appropriate level of

membership by the Institute taking into account his/her number of years of

continuous previous service as Surveyor and Loss Assessor.

(b) Training, examination, seminars and workshops:

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