General Insurance2024-06-28T12:01:50+10:00

General Insurance Courses

General Insurance Courses

General Insurance Training Courses

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

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.

How do I enrol my team?2024-08-15T12:51:21+10:00

To get started, either:

  • Purchase course/s online. (You can add multiple courses to the cart.)
    OR
  • Contact us to arrange a invoice.

Please note: Online orders may take up to 1 business day to be processed and for your team to receive their course login details.

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
  • 12 July 2024

    ASIC and APRA issue final rules and information for the Financial Accountability Regime

    The Australian Securities and Investments Commission and the Australian Prudential...
  • 10 July 2024

    ASIC successful in first DDO case against Firstmac

    The Federal Court found that Firstmac Limited breached the new...
  • 5 July 2024

    Court declares PayPal Australia used an unfair contract term

    The Federal Court has declared a term used by PayPal...
  • 4 July 2024

    APRA strengthens core prudential standard to support outcomes for members in super

    The Australian Prudential Regulation Authority (APRA) has enhanced a core...
  • 27 June 2024
  • 27 June 2024

    ASIC approves enhanced Banking Code of Practice 

    ASIC has approved a new version of the Australian Banking...
  • 26 June 2024

    APRA publishes Chair John Lonsdale’s speech to Australian Banking Association Conference

    The Australian Prudential Regulation Authority (APRA) has published a speech...
  • 26 June 2024

    ASIC calls on market intermediaries to strengthen supervision of business communications

    ASIC is calling on market intermediaries to strengthen their supervisory...
  • 19 June 2024

    APRA releases letter on SPS 530 Valuation Governance Framework Self-Assessment Survey

    The Australian Prudential Regulation Authority (APRA) has released a letter...
  • 3 June 2024

    APRA clarifies expectations on cyber security and adequacy of backups

    The Australian Prudential Regulation Authority (APRA) has written to all...
  • 30 May 2024

    Three principles for better compliance

    ASIC Commissioner Simone Constant addressed investor relations professionals at the...
  • 21 May 2024

    Select Committee on Adopting Artificial Intelligence

    Opening Statement by ASIC Chair Joe Longo at the inquiry...
  • 20 May 2024

    ASIC report: Australians need better hardship support from their lenders

    The report, Hardship, hard to get help: Lenders fall short in...
  • 15 May 2024
  • 2 May 2024

    Second stage consultation on reforming Australia’s AML/CTF regime is now open

    On 2 May the Attorney-General announced the second stage consultation...
  • 1 May 2024

    APRA publishes remarks by its Executive Board Member, Suzanne Smith, delivered at the All Actuaries Summit

    The Australian Prudential Regulation Authority (APRA) has published remarks by...
  • 26 April 2024

    APRA and ASIC release notes on Superannuation CEO Roundtables

    APRA and ASIC held Superannuation CEO Roundtables on Wednesday, 27...
  • 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...