Lobbying to exclude insurance brokers from the scope of the National Consumer Credit Protection Act (the Credit Act) is yet to achieve a result for the sector.The National Insurance Brokers Association wanted Treasury and ASIC to have brokers exempted from the Credit Act.Noel Pettersen, chief executive of the association said: "NIBA is now discussing the matter with Treasury to determine if it would be prepared to provide some form of exemption or broadening of the operation of existing exceptions, for example mere referrer."NIBA reminded brokers in a circular yesterday that, "As advised in the last update, insurance brokers that provide credit services which are caught by the Credit Act are required to be registered by June 30 2010 and licensed by December 31 2010 if they wish to continue to do so."Remember, it essentially affects those providing services relating to the provision of credit to consumers for (wholly or predominately) household or domestic purposes," members were told.By registering, a member is able to maintain the status quo and continue to provide its consumer premium funding related services until December 31 this year.At that point a licence would be required (assuming the conduct of the insurance broker is caught because its business includes household insurance cover), along with the additional compliance obligations that go with it.Insurance News Australia