Financial Education Professionals is a leading provider of technical training in financial services. We deliver innovative, contemporary training solutions developed by prominent industry experts and education specialists.
Personal Advice in Tier 2 General Insurance is designed for organisations and employees who provide personal advice to retail clients in Tier 2 insurance products as defined in RG146.
Existing authorised representatives can also complete this course to extend their advisory range into Tier 2 general insurance products. As well as general industry knowledge, our course offers tips for engaging with clients – whether they are enquiring over the phone or in person.
- 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 personal advice to clients
- Overview of insurance markets
- Specialist general insurance knowledge
- Legal environment – disclosure and compliance
- Providing insurance product information
- Additional component – Skills assessment
FNSASIC304 Provide Tier 2 general advice in general insurance
FNSASIC305 Provide Tier 2 personal advice in general insurance
FNSINC402 Develop and maintain in-depth knowledge of products and services used by an organisation or sector
- One (1) online open-book knowledge examination comprising of thirty (30) multiple choice questions
- Interview over the phone with an ASIC authorised assessor
Upon successful completion you will be RG146 compliant to provide personal advice in Tier 2 General Insurance.
We estimate you will need approximately 8 hours study time to complete this subject, earning 8 hours/points.
Each course is offered by self study via our learning portal, FEP Online. It provides you with online learning resources, support and assessment.
You have 8 weeks from your enrolment date in which to complete each course.
There is one (1) open-book knowledge examination comprising of thirty (30) multiple choice questions. You are given two (2) attempts with a required 80% pass mark.
There is one (1) verbal assessment conducted by interview in person or over the phone with an ASIC authorised assessor.