22Eligibility for licence

22 Eligibility for licence (1) A person (not being a company or a firm) is eligible for the grant of a licence if the Board is satisfied that: (a) the person has attained the age of 18 years; and (b) the person is a fit and proper person within the meaning of section 20; and (c) the person: (i) completed a course of competency-based training approved by the Board under section 22A(1)(a) for the class of licence that is the subject of the application; or (ii) holds the qualifications for the class of licence approved by the Board under section 22A(1)(b) that is the subject of the application; or (iii) has other qualifications or experience approved by the Board under section 22A(1)(c) or (d); or

Agents Licensing Act 1979 15 (iv) by reason of the person's qualifications and experience, is competent to carry on business on the person's own account as a licensed agent; and (d) the person: (i) will, for the whole period of the licence, be insured under an approved indemnity insurance policy within the meaning of section 108A in relation to the person or the person's employer; or (ii) is exempt, or the person's employer is exempt, under a regulation from the requirement under section 108B to be insured under an approved indemnity insurance policy within the meaning of section 108A. (2) For subsection (1)(c)(iii), the Board may require a person's employer to certify, in the approved form, the person's experience.