Introduction to Short Term Insurance

Introduction to Short Term Insurance

Category

Technical

CPD

6.5

Course Description

LEARNING OUTCOMES

After studying the topic, the learner should be able to

·      Give an overview of short-term insurance

·      Explain the purpose of the Short-Term Insurance Act (53 of 1998) and related concepts

·      Explain the basic requirements of the Short-Term Insurance Act that apply to insurers

·      Explain how the Short-Term Insurance Act controls intermediaries

·      Explain how the Short-Term Insurance Act regulates Short-term insurance policies and protects individual policy holders

Course Info

Prerequisites:
None
Skill Level:
All
Price: R 650.00
 

CURRICULUMS

  • Introduction to Short Term Insurance



Compliance in Perspective

Compliance reflects conformance to the required legislative aspects. Failure to comply with these standards will result in businesses being exposed to risk, often with adverse effects. Through the FAIS and FIC Acts, compliance has been made an integral part of the business processes with more focus and reporting on compliance aspects. With this focus and the negative impact and implications of not complying, non-compliance is simply not an option. There are many complexities to incorporate compliance into daily business activities. It is the focus of VAPS Consultancy to assist customers to incorporate legislative requirements into policies and procedures to manage the risk of the business.




ABOUT US

VAPS Consultancy has been in operation since 2004 in providing Value Added Products and Services, mainly in the motor industry. The compliance function has become a major value-added service to customers to provide guidance, support, policies and procedures, monitoring and risk management to ensure customers operating within a compliance framework. Effectively VAPS offers compliance solutions to business partners.

© 2024 All Rights Reserved Athena Aristotle