FSI010 - ASIC Tier 2 General Insurance Compliance Training

Institute staff and industry specialists have developed this program to provide the underpinning knowledge required to attain compliance with ASIC PS 146 at the Tier 2 level. This program is ASIC-accredited and contains the most up-to-date regulatory information.

The first stream of this program is designed for people working in the general insurance sector. The second stream has been customised for people working in the insurance broking sector. Both streams provide for all required Tier 2 general insurance competencies and cover:

  • Australian Financial Environment
  • Australian Insurance Market
  • Legal Issues
  • General Insurance Code of Practice
  • Privacy
  • Customer Service.

Each section contains relevant content, explanatory charts and graphs, case studies and self-assessment questions.

It should take between 15-25 hours to complete this program, depending on your level of knowledge and experience, and aptitude for study.

Assessments
Assessment for the Institute's Tier 2 General Insurance compliance training program consists of:

  1. An online examination to test underlying knowledge, and
  2. An observation of compliance related workplace skills.

The examination will consist of 80 multiple choice questions, which are divided into six sections. Please note the final result is calculated on the most recent attempt.

Demonstration of relevant skills in an interaction or series of interactions with clients, will be observed by a workplace manager or supervisor. The results of the observation will be integrated with the examination result to determine an overall graded result. This overall result will be equated to 'competent' or 'not yet competent'. An alternative assessment activity can be arranged for those who do not interact with clients in their job role or who are sole business operators.

An Institute Statement of Attainment for Tier 2 compliance will be issued to candidates who are assessed as 'competent'.

Click here to download a PDF copy of the Workplace Skills Observation Form and Guidelines.

Flexible fees
Individual users: A$400 - payable by credit card.
Bulk enrolments: Attractive discounts are available for companies enrolling 50 users or more.

Contact Customer Service by email or by telephoning (+61 3) 9613 7280 for more information about the program, pricing, bulk enrolments and licensing arrangements for companies.

Enrolment/Registration
If you are a fee-paying individual user who wishes to enrol/register in the general insurance program or the insurance broking program, click on Individual Enrolment/Registration for either the General Insurance stream or the General Insurance Broking stream.

If you are a company-sponsored user who wishes to enrol/register in the general insurance program or the insurance broking program, and you have received a token from your company, please ensure you are logged in to the website and click on Company Token Enrolment.

Individual Enrolment/ Registration
| General | Broking |

Company Token Enrolment
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