Tier 1 RG146 Insurance Broking Program

Tier 1 RG 146 Insurance Broking

Our online course is designed for individuals who want a career as an insurance broker. Navigate the make-up of the insurance market, features of general insurance products and how the insurance broking process works.

Insurance brokers play an important role in insurance markets, comparing general insurance products from multiple providers to develop risk management solutions for clients, particularly businesses and customers with complex needs.

Our Tier 1 RG146 Insurance Broking is compliant with the revised FNS training package and latest laws, regulatory guidance and industry codes. Developed in consultation with practising professionals, this subject incorporates features and industry best practices, giving our students a valuable edge in the field.

About our Course

Our RG146 Insurance Broking program:

  • Covers the core and specialist knowledge and skills an insurance broker needs
  • Meets ASIC Regulatory Guide 146 (RG146) education requirements for providing general and personal advice with broking clients
  • Provides an enrolment period of up to 16 weeks, but experienced professionals can complete in less time
  • 100% online, enrol anywhere, anytime
  • Articulates into our FNS51220 Diploma of Insurance Broking

 

Program Content

Learning Outcomes

What you will learn

  • The general make-up of Australia’s insurance industry
  • Participants in Australia’s insurance industry
  • Consumer and business insurance products and services
  • Regulation of general insurance
  • An overview of the role of insurance brokers and the broking process
  • Conduct and disclosure obligations and best practice tips for providing general and personal advice in Tier 1 Insurance Broking.

Who is this course for?

  • New entrants starting a career in Insurance Broking
  • New or existing brokers wanting to provide personal or general advice in general insurance products
  • Brokers seeking to update their initial general insurance compliance and extend their authorisations to insurance broking

Units of Competency

  • FNSASICY513 Provide advice in insurance broking
  • FNSIBK415 Meet compliance requirements relating to insurance broking
  • FNSIBK416 Deliver insurance broking services
  • FNSIBK518 Implement changes to insurance programs of broking clients
  • FNSIBK523 Prepare submissions for new insurance broking business

Pre-requisite

Recognition of Prior Learning

We do not offer Recognition of Prior Learning for this course.

Certification

On successful completion of our Insurance Broking program participants will be awarded a Statement of Attainment that:

  • Confirms they are RG 146 compliant to provide personal advice in Insurance Broking
  • Lists the units of competency they have been awarded.

Explore our RG146 Insurance Broking

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Frequently Asked Questions

Under their Australian financial services licensing obligations, some firms are required to meet additional standards if any representatives give advice to retail clients (RG146). To assist AFS Licensees, we follow the syllabus prescribed by the Australian Securities and Investments Commission (ASIC) for each Tier 1 and Tier 2 specialist knowledge area. We are a Registered Training Organisation and an ASIC Authorised Assessor, so you can be assured that each RG146 course covers all the elements ASIC has specified advisers should learn. (RG 146.87).

Tier 1 RG146 Insurance Broking includes all the content covered in Tier 1 RG146 General Insurance PLUS extra content and competencies specific to being a broker.

  • You have up to 16 weeks to complete the learning and assessment requirements for your RG146 Insurance Broking Course.
  • Experienced professionals can complete in less time

  • Open book multiple choice examination after each topic
  • Short answer assignment
  • Case study based assignment delivered in 5 parts so you can complete it progressively.

FEP is an education provider, so cannot guide you on a career path. You could start with chatting to an employer or prospective employer to determine what you would need to do. You could also check the following:

Yes, This program is offered by self study via our online learning portal, FEP Online. It provides you with online learning resources, online assessment and insightful tracking and reporting.

Our courses, CPD and qualifications are 100% online, so you can start anytime, anywhere.
  • Either enrol online or
  • Contact Us to arrange an invoice for EFT or AMEX payments.
What is RG206?2023-04-21T07:53:53+10:00

Regulatory Guide 206 Credit licensing: Competence and training (RG 206)

Credit licensees must comply with the organisational competence obligation in s47(1)(f) of the National Consumer Credit protection Act 2009 (National Credit Act). Regulatory Guide 206 Credit licensing: Competence and training (RG 206) sets out the minimum expectations for demonstrating organisational competence.

What you need to do to comply will depend on the nature, scale and complexity of your business. However, Regulatory Guide 206 Credit licensing: Competence and training (RG 206) sets out our minimum expectations for demonstrating organisational competence.

You must also ensure that your representatives are adequately trained and competent to engage in the credit activities authorised by your licence: s47(1)(g).

ASIC generally expects you to determine what is appropriate initial and ongoing training for your representatives and to embed this in your recruitment and training systems.

Updated annually, our CPD is designed to enable Responsible Managers and Representatives of Australian Credit Licensees to meet their mandatory RG206 continuing training requirement. Our CPD that is structured, properly assessed and recorded.

Financial Education Professionals acknowledges the Traditional Owners of Country throughout Australia. We pay our respects to Elders past, present and emerging.