Qualification details

FNS41715 - Certificate IV in Insurance Broking (Release 2)

Summary

Releases:
ReleaseStatusRelease date
2 (this release)Current 22/Apr/2015
(View details for release 1) Replaced25/Mar/2015

Usage recommendation:
Current
Mapping:
MappingNotesDate
Supersedes FNS41710 - Certificate IV in Insurance BrokingUpdated to meet Standards for Training Packages. Significant changes to packaging rules. 24/Mar/2015


Training packages that include this qualification

Units of competency

CodeSort Table listing Units of Competency by the Code columnTitleSort Table listing Units of Competency by the Title columnEssential
BSBCMM401 - Make a presentationMake a presentation Elective
BSBCUS401 - Coordinate implementation of customer service strategiesCoordinate implementation of customer service strategies Elective
BSBCUS403 - Implement customer service standardsImplement customer service standards Elective
BSBMGT401 - Show leadership in the workplaceShow leadership in the workplace Elective
BSBMGT402 - Implement operational planImplement operational plan Elective
BSBSMB407 - Manage a small teamManage a small team Elective
BSBWHS404 - Contribute to WHS hazard identification, risk assessment and risk controlContribute to WHS hazard identification, risk assessment and risk control Elective
BSBWOR404 - Develop work prioritiesDevelop work priorities Elective
FNSASIC304 - Provide Tier 2 general advice in general insuranceProvide Tier 2 general advice in general insurance Elective
FNSASIC305 - Provide Tier 2 personal advice in general insuranceProvide Tier 2 personal advice in general insurance Elective
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Classifications

SchemeCodeClassification value
ANZSCO Identifier 552312 Insurance Consultant 
ASCED Qualification/Course Field of Education Identifier 0811 Banking, Finance And Related Fields 
Qualification/Course Level of Education Identifier 511 Certificate IV 
Taxonomy - Industry Sector N/A Insurance 
Taxonomy - Occupation N/A Life Insurance Broking Officer 

Classification history

SchemeCodeClassification valueStart dateEnd date
ANZSCO Identifier 552312 Insurance Consultant 30/Jul/2015 
ASCED Qualification/Course Field of Education Identifier 0811 Banking, Finance And Related Fields 30/Jul/2015 
Qualification/Course Level of Education Identifier 511 Certificate IV 25/Mar/2015 
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Modification History

Release 

Comments 

Release 2

This version released with FNS Financial Services Training Package version 1.1

Release 2 created to correct typographical error

Release 1

This qualification first released with FNS Financial Services Training Package version 1.0

Qualification Description

This qualification is for insurance brokers who provide advice and services to clients. They may also have a role in providing specialist advice, and supervision or training to others in the brokerage. Individuals in these roles apply specialist knowledge and skills to work autonomously and exercise judgement in completing routine and non-routine activities and to analyse and evaluate information from a variety of relevant sources

Licensing/Regulatory Information

Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.

Entry Requirements

Nil.

Packaging Rules

Total number of units = 12 

4 core units  plus

8 elective  units

The elective units consist of:

  • 6 from the electives below.

Of the remaining 2 units:

  • 2 may be from the electives
  • 2 may be from a Certificate IV or Diploma in any endorsed training package or accredited course.

The elective units chosen must be relevant to the work outcome and meet local industry needs.

Core Units  

FNSIBK401 Research, analyse and report information in insurance broking

FNSIBK405 Meet industry and legislative guidelines and organisational procedures relating to insurance broking

FNSIBK406 Deliver professional insurance broking services

FNSINC301 Work effectively in the financial services industry

Elective Units 

ASIC Tier 2 personal advice 

FNSASIC304 Provide Tier 2 general advice in general insurance*

FNSASIC305 Provide Tier 2 personal advice in general insurance*

Communication 

FNSCUS401 Participate in negotiations

FNSCUS402 Resolve disputes

BSBCMM401 Make a presentation

Customer Service 

BSBCUS401 Coordinate implementation of customer service strategies

BSBCUS403 Implement customer service standards

FNSCUS403 Deliver a professional service to customers

Workers' Compensation Insurance 

FNSPIM303 Work within the personal injury management sector

FNSPIM304 Assess and determine ongoing entitlements

FNSPIM406 Develop and maintain knowledge of personal injury management insurance

FNSPIM403 Educate clients on personal injury management issues

FNSPIM409 Maintain customer relationship

Risk management 

BSBWHS404 Contribute to WHS hazard identification, risk assessment and risk control

FNSISV403 Survey potential risk exposure

FNSRSK502 Assess risks

Team and/or organisation 

BSBMGT401 Show leadership in the workplace

BSBMGT402 Implement operational plan

BSBSMB407 Manage a small team

BSBWOR404 Develop work priorities

*Those who wish to meet ASIC Tier 2 personal advice in general insurance should include both elective units:

FNSASIC304 Provide Tier 2 general advice in general insurance; and

FNSASIC305 Provide Tier 2 personal advice in general insurance.

Qualification Mapping Information

Code and title  

current version 

Code and title 

previous version 

Comments 

Equivalence status 

FNS41715 Certificate IV in Insurance Broking

FNS41710 Certificate IV in Insurance Broking

Updated to meet Standards for Training Packages.

Significant changes to packaging rules.

No equivalent qualification

Links

Companion Volume implementation guides are found in VETNet - https://vetnet.education.gov.au/Pages/TrainingDocs.aspx?q=c7200cc8-0566-4f04-b76f-e89fd6f102fe

Training component details
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