RG146 General Insurance

We all have items or situations that we consider valuable. Which is where insurance comes in – policies consumers take up to protect precious things or their lifestyle.

If you work for an insurer, bank, insurance broker, financial adviser or superannuation fund that distributes general or life insurance products, we have the right learning solutions for you.

RG146 Tier 1 Compliance

General Advice in Tier 1 General Insurance ($585)

Our General Advice in Tier 1 General Insurance program is designed for organisations and employees who sell general, personal and business insurance products as defined in RG 146. Importantly, this course incorporates coverage of personal accident and sickness insurance. Existing authorised representatives can also complete this course to extend their advisory range into Tier 1 general insurance products.

Learning outcomes

  • Identify the key participants, products, and activities that comprise insurance markets
  • Describe the types of risks that general insurance is designed to protect against
  • Explain the features of characteristics of personal accident and sickness policies that led ASIC to consider them a more complex insurance product
  • 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

Course content

Generic Knowledge

  • Overview of financial services industry and regulation
  • Operation of financial markets and the economy
  • Financial markets and products
  • Relevant legal principles and compliance

Tier 1 General Insurance

  • Overview of insurance markets
  • Specialist general insurance knowledge
  • Personal Accident and Sickness Insurance
  • Providing insurance product information

Assessment

  • 2 x Online open-book knowledge exam (MCQ’s)

Personal Advice in Tier 1 General Insurance ($895)

Our Personal Advice in Tier 1 General Insurance is designed for organisations and employees who sell general, personal and business insurance products as defined in RG 146. Importantly, this course incorporates coverage of personal accident and sickness insurance. Existing authorised representatives can also complete this program to extend their advisory range into Tier 1 general insurance products. As well as general and specialist industry knowledge, our program offers tips for engaging with clients – whether they are enquiring over the phone or in person.

Learning outcomes

  • Demonstrate compliance with corporations law, regulatory requirements and other legal principles that apply to participants in the financial services industry
  • Identify the key participants, products, and activities that comprise insurance markets
  • Describe the types of risks that general insurance is designed to protect against
  • Explain the features of characteristics of personal accident and sickness policies that led ASIC to consider them a more complex insurance product
  • 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

Course content

Generic Knowledge

  • Overview of financial services industry and regulation
  • Operation of financial markets and the economy
  • Financial markets and products
  • Relevant legal principles and compliance

Tier 1 General Insurance

  • Overview of insurance markets
  • Specialist general insurance knowledge
  • Personal Accident and Sickness Insurance
  • Providing insurance product information

Assessment

  • 2 x Online open-book knowledge exam (MCQ’s)
  • Online case study skills assessment

Personal Advice Tier 1 Insurance Broking Program ($895)

Our RG146 Insurance broking program covers the core and specialist knowledge and skills an insurance broker needs.

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.

Learning outcomes

  • Interpret and comply with industry regulations and codes of practice
  • Analyse client’s needs, financial situation and risk profile, and prepare appropriate general insurance strategies or solutions
  • Provide accurate and ethical advice on insurance broking products and services
  • Implement general insurance plans, policies or transactions once agreed by the client and complete documentation accurately.

Program content

Generic Knowledge

  • Topic 1: Overview of financial services industry and regulation
  • Topic 2: Operation of financial markets and the economy
  • Topic 3: Financial markets and products
  • Topic 4: Relevant legal principles and compliance

Assessment: Online multiple choice examination

Tier 1 Insurance Broking

  • Topic 1: Introduction to insurance markets
  • Topic 2: Specialist general insurance knowledge
  • Topic 3: Overview of the insurance broking process
  • Topic 4: Insurance broking skills

Assessment: Online multiple choice examination + Online Skills Assessment

Download our RG146 Insurance broking brochure


Questions? Check out our FAQs

RG146 Tier 2 Accreditation program

Our Tier 2 programs have been specifically designed for organisations seeking RG 146 compliance to provide general or personal advice in the Tier 2 financial product areas of

  • General Insurance and/or
  • Deposit Products and Non-Cash Payments.

Our Tier 2 accreditation program is offered as a corporate solution only. We collaborate with you to develop content and assessment that is tailored to your organisation’s products and processes.

This also ensures that you meet ASIC’s Tier 2-related guidance in RG 146, which requires your representatives to study “specialist knowledge about the specific products you advise on and the markets in which you operate”.

General Insurance CPD program

General Insurance CPD program (20 CPD hours/points)

General Insurance CPD program (20 CPD hours/points)

Our General Insurance CPD offers you a complete online solution to satisfy RG146 ongoing training requirements for insurance advisors and brokers. Includes Tier 1 and Tier 2 specialist topics.

From Insuring the gig economy to Privacy and data protection to Insurance regulatory round-up, we have the right industry stories for you.

Our structured CPD meets NIBA’s requirements.

Contact us for further information.

Register to preview our RG146 CPD system and content

Our FNS51820 Diploma of Financial Services (Insurance broking pathway) has been specifically designed to provide relevant industry knowledge and skills for a successful career in insurance broking.

Please visit our dedicate webpage to find out more.

General Insurance CPD

General insurance includes:

  • Car or motor insurance, including rideshare driver insurance
  • Boat and caravan insurance
  • Home and contents insurance, including landlord insurance
  • Health insurance
  • Travel insurance
  • Pet insurance
  • Consumer credit insurance
  • Commercial or business insurance
  • Liability insurance, including workers’ compensation, public liability and professional indemnity
  • Specialist industry insurance, e.g. cargo and freight, aviation, rural property, livestock, and crop

Life insurance includes:

  • Term life insurance
  • Trauma (or critical illness) insurance
  • Total and permanent disablement (TPD)
  • Accidental death and dismemberment insurance
  • Income protection

Whatever your insurance learning need we have relevant courses available. Our insurance courses can be studied for industry knowledge or to achieve RG 146 compliance.

And you’re welcome to contact us to discuss a tailored corporate solution.