The Insurance Brokers Registration Council (Indemnity Insurance and Grants Scheme) Rules Approval Order 1987

10.—(1) A levy to be imposed by the Council in accordance with the provisions of rule 9 of these Rules shall be based:

(i) (a) in the case of an enrolled body corporate upon the aggregate number of individuals engaged in the business of, or employed by, the enrolled body corporate in the United Kingdom; or

(b) in the case of each business of a practising insurance broker who is a sole proprietor, upon the aggregate of the practising insurance broker and the number of individuals engaged in the business of, or employed by, the practising insurance broker in the United Kingdom; or

(c) in the case of each business which is being carried on by a practising insurance broker or an enrolled body corporate in partnership, upon the aggregate of the number of practising insurance brokers and enrolled bodies corporate carrying on business in partnership and the number of individuals engaged in the business of, or employed by, such partnership in the United Kingdom so that only one levy shall be payable in respect of each business by all practising insurance brokers and enrolled bodies corporate carrying on such business in partnership,

PROVIDED THAT the liability of each such practising insurance broker or enrolled body corporate to pay a levy shall be a joint and several liability to the Council; AND

(ii) upon the latest information supplied to the Council by the practising insurance broker or the enrolled body corporate under the provisions of rule 13(5) of these Rules.

(2) For the purposes of this rule individuals who are engaged in the business of, or employed by, the practising insurance broker or enrolled body corporate for less than twenty hours per week shall be regarded as engaged or employed part-time, so that two individual so engaged or employed shall make up one full-time individual and so that any part numbers shall be ignored.