Advice in Insurance Broking

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Advice in Insurance Broking

Course details last updated on the register on 11/11/2011
COURSE DETAILS

Course Name

Advice in Insurance Broking

Course Information

This course (DFS 5) covers general and personal advice in Insurance Broking. On completion of this module and the Diploma of Financial Services Financial Planning module (DFS1) you will be able to give personal advice and assist clients to establish protection strategies around risk management using general insurance products. Participants who successfully complete assessments will be awarded a nationally recognised Statement of Attainment covering the assessed units of competency. This course is offered via multiple delivery options. Course cost and duration below refers to Face to Face delivery. Please contact provider for cost and duration for Distance Education and online.

Competencies Covered

FNSASIC503YB; FNSINBK501B; FNSINBK502B; FNSINBK503B; FNSINBK603B

Award Given at Completion

Statement of Attainment

Specialist Knowledge

Insurance Broking, Generic Knowledge, Skills

Tier

1

Where Course Delivered

Sydney, NSW regional, Melbourne, VIC regional, Hobart, TAS regional, Adelaide, SA regional, Perth, WA regional, Darwin, NT regional, Brisbane, QLD regional, ACT

Delivery Method

Distance, Individual assessment, Self-paced, Web-based, Face-to-face

Assessment Type

Examination - open book, Computer based, Case study, Work place observation, Class attendance, Self assessment

Start Date

1/12/2008

Re-registration Date

1/12/2011

Duration/Total Hours

32

  

Approximate Cost

$427.00

  

Pre95

No

This course was being offered as at 24 September 2012 when the Training Register was archived.

COORDINATOR DETAILS

Name

Lisa Ditchburn

Phone Number

08 9344 4088

Fax Number

08 9344 4188

Email Address

lditchburn@aamc.net.au
COVERAGE GRAPH

TOPICS COVERAGE

Overview of Insurance in AustraliaHIH Insurance; Financial Services Reform Act (FSRA); General insurance and reinsuranceDifferences between Life and General Insurance. Major intermediaries and parties to insurance Life Insurance Companies; Underwriters; Reinsurers; Self-insurers. Insurance and ‘risk sharing’Insurance Person/Property/Liability; The Life Insurance Process. Regulatory environmentLegislation; Other Legislation; Tort Law Reform; ASIC and APRA and the ASIC Act; The Insurance Contracts Act 1984; Life Insurance Act; General Insurance Code of Practice. The role of an insurance adviser/broker/agentInsurance Agent; Insurance Broker; Agency Agreements; FSR Change Prepare a new business submission for a broking clientPreparation of Submission; Apply Risk Assessment Methodology; Identify Appropriate Insurance Program; Negotiate Program with Insurers; Making Submission to Prospective Clients; Keep Client Information Confidential; Negotiate With Insurers. Monitor broking clients Determine Client’s Needs; Establish Communication with Client; Identify and Review Information. Implement changes to broking client’s insurance programIdentify Client Program Amendments; Determine Alternative Risk Management Strategies; Research Market and Negotiate Terms; Liaise with Clients. Review insurance brokerage service performanceProvide advice in insurance brokingThe Economic Environment; Operation of Financial Markets; Financial Products; Taxation; Advisory Functions; Legal Environment, Disclosure and Compliance; Industry codes of Practice and Conduct; Complaints Resolution Procedures; Integrity; Development Process.
PROVIDER DETAILS

Provider

AAMC Training Group

Contact

Jeff Mazzini, Managing Director

Phone Number

08 9344 4088

Fax Number

08 9344 4188

Email Address

jmazzini@aamctraining.edu.au

URL

http://www.aamc.edu.au

Important Notice

This service is provided solely for general information purposes. By provision of the service ASIC does not provide legal or other professional advice. ASIC expressly disclaims any liability arising from use of the service. If you require legal or other expert advice or assistance, you should seek the services of a competent professional person.

Created by the Australian Securities and Investments Commission. http://www.asic.gov.au Copyright � 2007 Australian Securities and Investments Commission.

Version 2.0

Last updated: 30/03/2021 09:39