Insurance agents: SECP approves curriculum
The said requirement is applicable to the persons entering any such agency contract for the first time
ISLAMABAD:
The Securities and Exchange Commission of Pakistan (SECP) has issued a notification approving the curriculum for foundation course for life, non-life insurance agents and designated persons. The course contents consist of basic principles, role of insurance agents, risks and insurance, claims handling and law governing insurance industry. The SECP has approved the Institute of Capital Markets and Pakistan Insurance Institute as recognised institutes and authorized them to train insurance agents. In addition, as per the S.R.O. 649(I)/2015, the minimum educational requirement of higher secondary school certificate or equivalent has been prescribed for the persons entering agency contract with insurers. The said requirement is applicable to the persons entering any such agency contract for the first time.
Published in The Express Tribune, September 9th, 2015.
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