This qualification is designed to reflect the role of entry level employees carrying out work in insurance broking in a range of environments including as a member of a team in a large organisation or a small broking practice and may meet ASIC requirements for Tier 2 general insurance advice.
Possible work functions may include:
assisting in managing broking business on behalf of a client
handling customer complaints
responding to customer enquiries for insurance broking products and services
assisting a broking client with an insurance claim.
Subjects
Packaging Rules
12 units must be achieved.
6 core units
plus6 elective units
selecting the identified elective unit/s * could meet ASIC accreditation requirements for providing financial product advice - conditions relating to ASIC accreditation should be obtained from ASIC
A maximum of 4 of the elective units must be selected from Group A
A maximum of 2 electives may be selected from units aligned to Certificate III qualifications in any endorsed Training Package or accredited course
One (1) elective may be selected from units aligned to Certificate II qualifications in any endorsed Training Package or accredited course
Elective units must be relevant to the work outcome, local industry requirements and the qualification level. The elective bank comprises recommended units for those wishing to work in insurance broking support roles.
Units selected from other Training Packages or accredited courses must not duplicate units selected from or available within the FNS10 Financial Services or BSB07 Business Services Training Packages.
Core units of competency:
FNSINC301A Work effectively in the financial services industry
FNSIBK301A Provide insurance broking services in response to a customer enquiry
FNSIBK401A Research and analyse client and industry information for a broking risk assessment
FNSIBK402A Provide personal advice in general insurance broking products and services (Tier 2)
FNSIBK403A Implement an agreed insurance program for a broking client
FNSIBK404A Provide a claims service to an insurance broking client