General Insurance2022-11-24T14:23:05+11:00

General Insurance Courses

General Insurance Courses

RG146 General Insurance

Our General Insurance programs are designed for organisations and employees who sell general, personal and business insurance products as defined in RG 146.

Learn the fundamentals of general insurance in Australia, how insurance works, the key players in the market, the features and characteristics of insurance products, and the legal environment it operates in.

Who is RG 146 General Insurance for?

RG 146 continues to apply to people who provide:

  • general advice and
  • personal advice on basic banking products, general insurance and/or consumer credit insurance

RG 146 refers to ‘Tier 1 products’ and ‘Tier 2 products’. As a result of the professional standards reforms, ASIC considers, in general, that:

  • Tier 1 products are relevant financial products, and
  • Tier 2 products are financial products that are not relevant financial products (i.e. basic banking products, general insurance products and/or consumer credit insurance, and time-sharing schemes).

Refer to RG 146 Licensing: Training of financial product advisers

Comply with Tier 2 RG 146 General Insurance

Tier 2 General Insurance delves into;

  • Financial Services regulation and licensing
  • Specialist general insurance knowledge
  • Cross-industry laws in financial services
  • Financial product information
Tier 2 General Insurance

Comply with Tier 1 RG 146 General Insurance

Our online course describes the knowledge and skills required to analyse client needs and to deal ethically and professionally in Tier 1 regulated general, personal and business insurance products, including personal sickness and accident insurance.

To be RG146 compliant to provide general advice in Tier 1 General Insurance, you must also successfully complete Generic Knowledge.

Tier 1 General Insurance

Frequently Asked Questions

What is General Insurance?2022-10-11T15:48:02+11:00

There are three types of general insurance:

  • property insurance
  • liability insurance, and
  • sickness and accident insurance.

Personal sickness and accident policies are offered by general insurance companies but are more complex than other types of policies offered by general insurance companies. This is underscored by Corporations law’s and ASIC’s RG 146 regulatory guidance that personal sickness and accident insurance should be treated as a Tier 1, requiring a high level of training (Diploma equivalent).

All other forms of general insurance are designated Tier 2, requiring lower level training.

What is the difference between Tier 1 and Tier 2 General Insurance?2023-02-27T14:09:25+11:00

Most general insurance products are Tier 2. There is only Tier 1 General Insurance product – Personal Sickness and Accident Insurance.

To be fully compliant in Tier 1 General Insurance you also need to study, or to have previously studied, Generic Knowledge. Tier 2 General Insurance study includes coverage of some regulatory requirements prescribed by ASIC in RG146 but not Generic Knowledge in its entirety.

What tiers of General Insurance do each of your RG146 Insurance courses cover?2022-08-26T12:51:26+10:00

We offer:

Our Tier 1 General Insurance and Insurance Broking courses both cover Tier 2 General Insurance PLUS an additional topic on the one and only Tier 1 General Insurance product, i.e. Personal Sickness and Accident Insurance.

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.

About our Our RG146 courses.2022-10-11T15:50:40+11:00

We offer an online, modular approach, allowing you to study and complete one RG146 specialist knowledge area at a time.

To meet relevant training standards at the Tier 1 level, you must complete both Generic Knowledge and the specialist knowledge area you intend to provide general advice in.

What are ASIC’s RG146 training standards?2022-10-11T15:51:38+11:00

ASIC’s training standards are sets of knowledge and (in some cases) skill requirements that must be satisfied by advisers before they give advice.

Knowledge and skill requirements vary depending on:

  • whether the adviser gives general or personal advice; and
  • what products the adviser gives advice on.
  • Some products are classified as being Tier 1, while others are Tier 2

The knowledge requirements are set out in Appendix A of RG146 and the skill requirements are set out Appendix B.

How do I enrol my team?2024-01-22T12:18:46+11:00

You can enrol your team either:

  • Easily enrol online (you can add multiple participants to your cart)
    or
  • Contact us to arrange a quote.

Need help finding the right course?

Speak to our expert team

Related Insights

View More

Find your Code of Practice

These codes have been developed by industry and set the standard of behaviour and operation to which they will hold themselves accountable, in order to demonstrate transparency and build trust with customers.

What others say about us

Industry leaders in CPD

The delivery method, the flexibility and the currency and relevance of content. FEP are and have always been a leader in CPD for the
finance industry – thankyou

Diane Wilkinson, WiZDOM

Parallels real workplace experience.

We have been using FEP for a number of years now. The course materials are highly professional and parallels real workplace experience. Staff greatly value participating in meaningful external training and are the greatest advocates.

Efficient, informative and accessible.

The content is well set out, clear and precise. My organisation does the course every year and we are continuing to learn new and interesting things with each new offering. The content is up to date with the industry and completely relevant to my role. I had all the support and learning resources available to get it done…

Extremely relevant and meaningful.

Our firm exclusively uses the services of Financial Education Professionals for all of our ongoing RG146, compliance and responsible manager training for our team. We find course materials extremely relevant and meaningful and this allows our team to have up to date, practical knowledge.

Peter McGuire, CEO, XM

Regulatory News

View More
  • 25 March 2024

    APRA publishes Member Therese McCarthy Hockey’s remarks to COBA CEO and Director Forum

    The Australian Prudential Regulation Authority (APRA) has published remarks delivered...
  • 21 March 2024
  • 14 March 2024

    APRA and ASIC release a cross-industry information package on the Financial Accountability Regime

    The Australian Prudential Regulation Authority (APRA) and the Australian Securities...
  • 11 March 2024

    Better coordinated financial sector regulation

    The current Federal Government will introduce a financial sector regulatory...
  • 15 February 2024

    APRA publishes Chair John Lonsdale’s Opening Statement to the Senate Economics Legislation Committee

    The Australian Prudential Regulation Authority (APRA) has published Chair John...
  • 5 February 2024

    APRA and ASIC release letter on the Financial Accountability Regime (FAR) ADI commencement and implementation

    The Australian Prudential Regulation Authority (APRA) and Australian Securities and...
  • 2 February 2024

    ASIC accepts court enforceable undertaking from buy now, pay later provider Elepay

    ASIC has accepted a court enforceable undertaking from buy now,...
  • 1 February 2024
  • 31 January 2024
  • 31 January 2024

    APRA outlines 2024 supervision and policy priorities

    The Australian Prudential Regulation Authority (APRA) has published its supervision...
  • 17 November 2023

    ASIC consults on ABA’s proposed changes to the banking code

    ASIC has opened its consultation on the Australian Banking Association’s...
  • 15 November 2023

    ASIC targets misconduct in superannuation sector

    ASIC will look to take strong, targeted enforcement action in...
  • 13 November 2023

    ASIC calls for greater organisational vigilance to combat cyber threats

    ASIC calls on organisations to prioritise their cyber security after...
  • 10 November 2023

    HESTA trustee pays infringement notices for misleading marketing

    ASIC has taken action against H.E.S.T. Australia Limited (HESTA), the...
  • 9 November 2023
  • 27 October 2023

    October Corporate Publications

    Coinciding with AGM season, in recent weeks financial services regulators...
  • 13 October 2023

    APRA publishes 2022-23 Annual Report

    The Australian Prudential Regulation Authority (APRA) has published its Annual...
  • 13 October 2023

    Regulatory favourites October 2023

    With spring now in full swing, here is our latest...
  • 12 October 2023

    APRA publishes Member Suzanne Smith’s speech to ICA Annual Conference

    The Australian Prudential Regulation Authority (APRA) has published a speech...
  • 12 October 2023

    APRA publishes Chair John Lonsdale’s speech to Citi Australia and New Zealand Investment Conference

    The Australian Prudential Regulation Authority (APRA) has published a speech...