FAIS Fit and Proper - Inseta

FAISFit and Proper

• Implementation of the projectThe INSETA FAIS Fit and Proper Project will be implemented in twophases:Phase 1: National Assessment on 17 November 2007Phase 2: Curriculum, Learning Material, RPL Tools and NationalAssessments until 31 December 2009• National AssessmentThe first National Assessment in 2007 will “follow” a similar format andprocess as that done in 2004.• The questions will be designed in the form of case studies with amultiple choice selection, with a pilot assessment to assist as a“mock exam”• The content of the case studies will assess – in a rigorous andresponsible way – knowledge, cognitive skills, analytical skills, logicalthought, etc.• The educational integrity will underpin the design of the assessmentsThe various “papers” will cover unit standards not covered in 2004• Unit Standards – covered in 2004Section 3 – Candidates may select to answer full questions from thetwo electives below i.e. the whole of 3 and/or 4:• Long Term A (category 1)[minimum 30 credits required of which 12 were covered]Question 3 – Short Term Personal Lines(12 credits)• Long Term B[minimum 30 credits required of which 12 were covered]• Long Term C[minimum 60 credits required of which 30 were covered]• Short Term Personal[minimum 30 credits required of which 12 were covered]• Short Term Commercial[minimum 60 credits required of which 30 were covered]• Pension Fund Benefits[minimum 60 credits required of which 30 were covered]• Retail Fund Benefits[minimum 60 credits required of which 30 were covered]• Collective Investments[minimum 60 credits required of which 30 were covered]• Health Benefits[minimum 60 credits required of which 30 were covered]• Friendly Societies[minimum 30 credits required of which 12 were covered]and/orQuestion 4 – Long Term Category B• Assessment tools – Category B2(12 credits)Assessment 2: Short Term Commercial LinesCandidates may elect to write any combination of sections withinthis assessment, in order to fulfill their personal outstanding creditrequirement. Candidates must not answer more than three questionsThe assessment will consist of:Section 1 – Question1 – Law and Ethics(11 credits)Section 2 – Question 2 – Commercial Underwriting (10 credits)Section 3 – Candidates may select to answer full questionsfrom the four electives below i.e. the whole of3 and/or 4 etc.:Question 3 – General Business Insurance(10 credits)and/orQuestion 4 – Agriculture(11 credits)and/orQuestion 5 – Marine and Transportation(9 credits)and/orQuestion 6 – Aviation(11 credits)• Assessment tools – Category ALong Term Category AOne three hour assessment comprising three sections. Candidates may electto write any combination of sections within this assessment, in order to fulfilltheir personal outstanding credit requirement.The assessment will consist of:Section 1 – LawSection 2 – Ethics and Customer CareSection 3 – Insurance Product and Finance• Assessment tools – Category B1(10 credits)(10 credits)(12 credits)Assessment 1: Short Term Personal Lines, Long TermCategory BCandidates may elect to write any combination of sections within thisassessment, in order to fulfill their personal outstanding credit requirement.Candidates must not answer more than three questions.The assessment will consist of:Section 1 – Question 1 – Law and EthicsSection 2 – Question 2 – General Cluster(10 credits)(10 credits)• Assessment tools – Category CLong Term: Pension, Retail Pension BenefitsCollective Investments, HealthOne three hour assessment comprising 3 sections. Candidates may electto write any combination of sections within this assessment, in order tofulfill their personal outstanding credit requirement. Students must notanswer more than three questions .The assessment will consist of:Section 1 – Question 1 – Law and Ethics(10 credits)Section 2 – Question 2 – Risk Assessment(10 credits)Section 3 – Candidates may select to answer full questionsfrom the five electives below i.e. the wholeof 3 and/or 4 etc.:Question 3 – Long term Category C(10 credits)and/orQuestion 4 – Pension Fund Benefits(10 credits)and/orQuestion 5 – Health Fund Benefits(10 credits)and/orQuestion 6 – Retail Pension Benefits(10 credits)and/orQuestion 7 – Collective Investments(10 credits)

• Registration Tools• INSETA Website• FAIS Link• Registration Form (manual and electronic)• Payment OptionsPayment Options:• EFT, or• Direct DepositStudent Registration Pack:• Examination instructions;• Administrative procedures;• Examination permit.Cost Per Assessment• R850 + R119 (VAT) = R969• Assessment processVenues• Sandton• Pretoria• Durban• Cape Town• PE• Polokwane• Klerksdorp• Kimberley• Bloemfontein• NelspruitTimesCategory B & C...................................................................09:00 – 12:00Category A ............................................................................14:00 – 17:00For more information please go to www.inseta.org.zaor call the INSETA Call Centre on 0861 130013ProceduresSee INSETA website, www.inseta.org.za