Course overview

Is Tier 1 Insurance Broking a requirement of your job role?
Are you looking to become ASIC RG146 compliant?

Kaplan Professional, a leading national provider of education in financial services recommends the Kaplan Professional Tier 1 RG 146 Compliance Solution for Insurance Broking.

The subject meets the education requirements of ASIC Regulatory Guide 146 (RG146) for providing general and personal advice with broking clients.

The course includes generic knowledge, core knowledge and specialist insurance knowledge.

Kaplan Professional’s Tier 1 Insurance Broking course is for individuals who want a career as a general insurance broker. The course is designed to:

• Meet the training requirements for RG146 Tier 1 compliance in Insurance Broking

 Please refer to the subject outlines for more information.

The Tier1 Insurance Broking program is structured into two subjects:

• Insurance Broking Fundamentals
• Insurance Broking Advice

Subject information

Learning outcomes

• Gain an understanding of the financial services industry and the role and responsibilities of a Tier 1 insurance broker
• Understand the role of a general insurance broker in the insurance industry
• Describe basic risk assessment for broking clients
• Understand the features, classes and risks of insurance products
• Outline appropriate communication skills to manage complaints and disputes
• Apply appropriate communication skills to build relationships with clients
• Explain how to perform insurance broking tasks such as renewals, new business and claims.
• Outline the process of giving general advice and personal advice.

Fees

Enrol directly into Tier 1 Insurance Broking for $865 (GST exempt).

For additional study-related fees, please click here.

Duration

Individuals have a total of:

• 24 weeks to complete the learning and assessment requirements for Tier 1 Insurance Broking, from their initial activation date.
• An additional four (4) weeks resubmission time per subject – If an individual reaches the end of their initial enrolment period and has been deemed not yet competent in one or more assessment items, then an additional 4 weeks will be granted, provided the individual attempted all assessment tasks during the initial enrolment period. There is no fee for this extension. 

Therefore, if an individual completes the learning and assessment, and the resubmission time in every subject is granted, the duration will be 32 weeks.

The subjects must be completed in the following sequence:

1. Insurance Broking Fundamentals
2. Insurance Broking Advice.

The subject breakdown for this course is below:

The amount of training for this course may be up to 13 hours per week. The amount of training is the hours an individual can expect to spend to complete their course work and assessments.

In addition to the amount of training, individuals who are new to industry or vocational training could need up to 9 hours per week known as unsupervised hours. These additional hours are for study skills or further research. For example, an individual not working in industry would need more time to review industry websites that are usually introduced in workplace compliance training.

Individuals working in industry may be able to complete the course requirements in a shorter timeframe or less hours per week.

Additional study-related fees apply to formal extensions and re-enrolments. Please refer to the Vocational Education Fees schedule found here.

Please also refer to our Vocational Education and Training (VET) Enrolment Terms and Conditions here or our Student Handbook here for important information on:

• Subject activation and completion timeframes
• Extensions
• Subject re-enrolment

Entry requirement

Educational requirements

There are no entry requirements.

However, it is recommended that individuals complete Tier 2 General Insurance Personal Advice for underpinning knowledge.

It is also recommended individuals are working in the insurance industry.

Individuals are required to be aged 18 years or older to enrol in this course.

Individuals who are in Australia on a student visa are unable to enrol in this subject. If you are in Australia on a visa and wish to enrol, you need to check that you are enrolling in accordance with the study conditions of your visa.

Enrolment information

 Enrolment

You may enrol into this course at any time and begin studying immediately on enrolment.

To enrol contact us on 1300 662 203.

Delivery

This course is delivered online via Kaplan’s learning management system KapLearn.

You will receive login details to KapLearn upon enrolment. When you log on to KapLearn you are able to access the subject notes, assessments, additional learning materials such as media, case studies, practice activities and your online tutor.

Assessments are accessed and submitted through KapLearn.

Corporate clients should contact our Corporate Solutions Representative on 1300 728 505 to discuss face-to-face delivery options and how we can tailor our training to your business needs.

Recognition of Prior Learning (RPL) 

Individuals may be able to obtain Recognition of Prior Learning (RPL) for a Kaplan award subject based on their previous study and/or work experience. To do this, individuals must submit evidence that demonstrates they have already met the requirements of the subject through these other means.

Evidence can take many forms, such as information about approved study, information about work experience, certificates, transcripts or other credentials.

To find out if you are eligible for RPL, refer to our Credit Transfer and Recognition of Prior Learning (RPL) page.

Assessment

The assessments for each subject are listed below. Units of competency are co-assessed by topic within subjects, as listed in ‘Units of competency’.

Individuals may attempt the exam and/or submit their assignment at any time if they believe they are adequately prepared. Individuals will receive personal reminder emails as they approach their assessment deadlines. 

Individuals must be deemed competent in all assessment items, including demonstrating competency in all of the exam questions, in order to be awarded their qualification or course.  

To learn more about what to expect when completing an oral assignment using audio please click here.

 Individuals who complete the course or qualification will receive a statement of attainment per subject.

Kaplan’s exams

You can sit your exam while being supervised in your workplace or with online supervision via Zoom at a suitable location.

Click here for more information about Kaplan Professional exams.

Policies

Student policies

Individuals who enrol in a Kaplan Professional course are bound by our published policies, including the policy that sets out our rules for assessment. Individuals can review these policies here. The policies also assist individuals when their study program does not go as planned and they need extra support.

Terms and Conditions

Click here to access our terms and conditions.

Refund Policy

Access our refund policy