Established through a generous donation from the Insurance Brokers Association of Newfoundland (IBAN), this award was established to encourage Faculty of Business students to consider careers in the Insurance Industry. The award is valued at a portion of the income on the investment. The recipient must be a full-time Bachelor of Business Administration or Bachelor of Commerce (Co-op) student at Memorial University of Newfoundland and Labrador. Students will submit an essay (maximum of 750 words), addressing one of the following topics: "What is an insurance brokerage and how can insurance brokers better promote themselves within the community?", "How can a business graduate add value to an insurance brokerage?" or "Outline an insurance broker’s role in the world of business?" The submissions will be reviewed by a selection committee in the Faculty of Business Administration. It will be awarded by the Senate Committee on Undergraduate Scholarships, Bursaries and Awards on the recommendation of the Dean, Faculty of Business Administration.
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