To apply for membership of ICMIF it is necessary to complete an application form and provide the Federation with certain information.

When making application for membership of ICMIF this will, on membership being granted, provide automatic membership of the appropriate regional association.

Once an application for membership has been received this will be reviewed by the Executive Committee which meets regularly. Their decision is then endorsed by the Board of Directors at its annual meeting.

Membership fees
Membership fees are invoiced annually and are payable direct to ICMIF. Regional association fees are also invoiced annually but are payable direct to the regional association.

	ICMIF	AAC/MIS	ACME	AOA	AMENA
Fee rate	16	10	9	2	tbc
Minimum fee	GBP 200*	USD 500	EUR 300	JPY 5,000	tbc
Maximum fee	GBP 95,000*	25% of total fees	EUR 67,000	40% of total fees	tbc
Payable in	USD/EUR/GBP/JPY	USD	EUR	JPY	tbc

*Converted from Swiss Franc equivalent

The fee process
The ICMIF membership fee is calculated taking into account the following parameters:

• Fees are calculated based on the applying organisation’s net written premium income (NWP) for the financial year ended in the penultimate year before fees are due (e.g. fees for 2007 are based on financial year ended in 2005).
• Fees are calculated on the member’s NWP in appropriate local currency multiplied by the fee rate (currently 16 per million). ICMIF will work with the prospective member to ensure that the calculation of fees is correct.
• Fees are payable in the member’s nominated currency chosen from USD, JPY, EURO or GBP, before 1 April each calendar year.
• Fees are invoiced in the member’s own currency and it is the responsibility of the member to make appropriate arrangements to transfer their fee to the relevant ICMIF bank account.
• It is the member’s responsibility to use the amount due in appropriate local currency to buy the chosen currency of payment, that payment representing the full fees due to ICMIF.

ICMIF Funding
ICMIF is primarily funded through its membership fees but with additional services, such as conferences and training, being offered and for which a delegate fee is charged to members.

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