Tier 2 RG146 General Insurance

Tier 2 General Insurance

Our online course explores the fundamental knowledge of general insurance in Australia.

You will learn about how insurance works, the key players in the market, the features and characteristics of insurance products, and the legal environment it operates in.

Tier 2 General Insurance is designed for organisations and employees who sell general, personal and business insurance products as defined in RG 146. (excluding personal-sickness and accident.)

Program Content

  • Financial Services regulation and licensing
  • Specialist general insurance knowledge
  • Application of cross-industry laws in financial services
  • Providing financial product information

Learning Outcomes

  • Identify the key participants, Tier 2 products, and activities that comprise insurance markets
  • Describe the types of risks that insurance is designed to protect against
  • Discuss the conduct and disclosure requirements prescribed in legislation and regulation that apply to the insurance industry
  • Evaluate best practice principles for providing general advice to clients

What you will learn

Who is this course for?

  • Organisations and employees who sell general, personal and business insurance products as defined in RG 146.

Units of Competency

  • FNSASIC314 Provide Tier 2 general advice in general insurance

Pre-requisite

You must be employed by an insurance company or working in the industry in order to successfully complete the short answer case study assignment. It contains questions directly relevant to customer service, selling and advice roles.

Recognition of Prior Learning

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

Certification

On successful completion of Tier 2 RG146 General Insurance – General Advice, participants will be awarded a Statement of Attainment confirming that they are RG146 compliant to provide general advice in RG146 General Insurance at Tier 2 level.

Explore Tier 2 General Insurance

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Frequently Asked Questions

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.

You have a total of 8 weeks to complete the learning and assessment requirements for your Tier 2 RG146 Course.

Our Tier 2 RG146 General Insurance assessment comprises two (2) tasks including:
  • Examination: Multiple-choice question exam per topic. 80% pass mark.
  • Case study assignment: 10 short answer questions.
The exam and case study assignment are open book and do not need to be supervised.

You can enrol your team either:
  • Enrol online or
  • Contact us to arrange an invoice.
Talk with us to develop your team training program.

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).
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.