The General Insurance Standards Council (GISC) wants its members to stop dealing with unregistered intermediaries before its mandatory membership phase begins in September.
Releasing further details of its licensing plan, it said it expected members and applicants to have reviewed their relationships to ensure that with effect from September 1, 2001, they are not dealing with any intermediaries in breach of Rule F42.
Rule F42 prohibits GISC members from dealing with non-members.
Although the rule has been cleared by the Office of Fair Trading (OFT), the Institute of Insurance Brokers (IIB) has mounted a legal challenge against the OFT's decision.
A spokeswoman said the GISC expected members and prospective members to have already started liaising with partners such as introducers, appointed agents and company agents on their plans to become regulated.
She said members should also be working on their vetting and compliance systems.
Companies that apply for GISC membership after September 1 will be given “applicant” status on the GISC website.
Applicant status will not be available after December 31.
Appointed agents will need to be formally appointed under an appointed agents agreement by December 31, but will not be eligible to use the GISC logo.
