Course Dates: September 1, 2019 - August 31, 2020
Enrollment Dates: Enroll Anytime
Who can Enroll: Anyone
Course Language: English
Price:  R560.00
POLICY HOLDER PROTECTION RULES FOR LONG-TERM INSURANCE CPD COURSE

About this course

Accreditation: Completion of program awards you 7 CPD points | hours for purpose of FAIS fit and proper requirements

Class of Business Categories: Long-term Insurance

FPI approval number: FPI 19090012

Overview

The course considers the policy holder protection rules (2017) issued in terms of the Long-term Insurance Act as amended by Government notice 997 of 28 September 2018.

The new rules also provide for micro insurance product standards to support the microinsurance regulatory framework as established by the Insurance Act 18 of 2017.

Time allotted for course

The course consists of 11 topics with an assessment that needs to be completed. The time allotted for each aspect is as follows:

Topic number

Title

Number of pages to read

Time allotted

Topic 1

Introduction to the rules

7

30 minutes

Topic 2

Requirements for the fair treatment of policyholders

4

20 minutes

Topic 3

Product rules

8

40 minutes

Topic 4

Microinsurance product standards

7

30 minutes

Topic 5

Advertising rules

11

55 minutes

Topic 6

Disclosures

12

60 minutes

Topic 7

Arrangements with intermediaries

3

10 minutes

Topic 8

Other stipulations

7

35 minutes

Topic 9

Claims management

9

45 minutes

Topic 10

Complaints managements

10

50 minutes

Topic 11

Terminations of policies

3

15 minutes

 

Assessment

 

30 minutes

 

Total time

 

7 hours

Course Structure

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