Membership of the Institute shall be of the following categories:
Ordinary Membership – shall be open to all individuals employed or engaged in
the insurance industry in Saint Vincent and the Grenadines.
Associate Membership – shall be open to all persons interested in insurance but
who are not employed in the insurance industry.
Corporate Membership – shall be open to any business entity involved in any
class of insurance business in Saint Vincent and the Grenadines. On admission
such member shall nominate in writing to the Institute a chief representative
and an alternate, both of whom shall be senior members of the staff of the
Corporate Member. The representative or the alternate shall exercise on behalf
of the Corporate Member the same power of attendance and voting at meetings
and in all other respects as an Ordinary Member.A Corporate Member may
revoke the appointment of any of its nominees by written advice to the Council
and such revocation shall have immediate effect.
Every member other than an honorary member shall be required to pay an annual subscription.
An Admission fee and the annual subscription shall be determined by the Council from time to time, subject to the approval of majority of members at the Annual General Meeting.