INSETA FIT &
PROPER
PROJECT
PROJECT TEAM
Glen Edwards
:
Co-ordinator
Ponie de Wet
:
Project Manager
Dr. Des Leatt
:
FAIS Consultant
Phakama Nkosi
:
SMME Support
Cheryl Greenslade :
Administrator
Jane Appasamy
FAIS Consultant
:
Steering Committee
Industry Advisory Workgroup
Inseta’s FAIS Project
 Communications
 Quantification
 Qualifications Equivalence Mapping
 RPL Assessment
COMMUNICATIONS
1. Advertising
2. Press Releases
3. Media Reports
4. Television
5. Radio
COMMUNICATIONS cont’d
6. Roadshows
7. Brochures
8. Website
9. Outlearning help desk
10.Inseta Project Office
QUANTIFICATION
 75 000 Insurance Advisors
 Unknown Funeral Benefit Advisors
(30 000 to 50 000 estimated)
 60 000 Banking Advisors
 Estimated 20 000 Accountants
Nearly 200 000 people affected by
FIT & Proper in South Africa
QUALIFICATIONS
EQUIVALENCE MAPPING
 Outlearning (Pty) Ltd
 132 industry related Qualifications
 Other Qualifications (e.g. B.Com)
 Matrix on Website
Living Document
- Ongoing Exercise
RPL ASSESSMENT
 Opportunity to achieve licensing
credits
 Approx.10 000 Registrations
 UNISA to advise venues
 28 February to 6 March 2004
Alternative is to get assessed for
each Unit Standard
INSETA / UNISA ONCE-OFF
ASSESSMENT
PREPARE YOURSELF
Learning Material
 Accredited Providers
ONCE-OFF ASSESSMENT
FORMAT
- Multiple-choice
- 12 Credits, 2 Hours, 30 Questions
- 30 Credits, 3 Hours, 60 Questions
- Open-book
- No Cellphones / Laptops
- Can bring simple calculator
MULTIPLE-CHOICE
- Read Carefully (Twice)
- Take your time, don’t rush it
- No negative marking
- Complete EVERY question
- Hand back question paper, or no credits (NB)
- Results in April 2004
- “Not Yet Competent” : depends on
individuals/companies
MULTIPLE CHOICE cont’d
12 CREDITS
 2 Hours = 120 minutes
 30 Questions
 4 Minutes per question
Read and evaluate each option carefully
MULTIPLE CHOICE cont’d
30 CREDITS
 3 Hours = 180 minutes
 60 Questions
 3 Minutes per question
Read and evaluate each option carefully
Question 2
A potential client arrives at your offices and
asks for information about a particular
insurance product. Which one of the
following is considered to be giving advice
under the FAIS Act?
OPTIONS
1 You hand him/her a pamphlet on the product, as
supplied by the relevant insurer.
2 You suggest that s/he should also consider another
product from a different insurer.
3 You explain how s/he could go about taking out the
cover offered by that product.
4 You provide him/her with a schedule of the cover
offered by that product.
(The correct answer to this question is option 2)
Question 2
Your client, John Smith, reports that they collided with another
vehicle and that their passenger in the other vehicle has been
taken to hospital. John completes the claim form and states
that they told the other vehicle driver to obtain three quotations
and submit them to John for settlement by his insurer. You
mention to John that it seems that he admitted liability for the
accident and that his insurer could deny liability for all
passenger injuries and damage to the other vehicle. John is not
happy with your comment and asks why, when he considers
that he caused the accident, his insurer could deny liability.
After all, John did not stop at the red traffic light. How should
you respond to John?
OPTIONS
1 Your insurer is not responsible to compensate the passenger of the other
vehicle for the hospital expenses. This is the responsibility of the Road
Accident Fund.
2 You should not have driven through the red traffic light. Insurers do
not cover accidents caused by their clients who break the law.
3 Liability insurance only operates if the insured does not admit, nor
deny, liability. It is up to the insurer to make the decision due to their
vast experience of settling claims.
4 You should not have told the other driver to send you 3 quotations.
Your insurer only needs 2 quotations and then from their own approved
repairers.
(The correct answer to this question is option 3)
SAMPLE OF TICK-SHEET
CONTINUOUS PROFESSIONAL
DEVELOPMENT






Column 4
2 years and 3 years
FSB will raise the bar
Full Qualifications
Keeping up-to-date
Equivalent to Lawyers, Doctors,
Accountants
INSETA WILL CONTINUE TO SUPPORT THIS
PROCESS
INVESTIGATING QUALIFICATIONS
AND UNIT STANDARDS
INSETA WEBSITE
www.inseta.org.za
WE ARE MEMBERS
OF A PROUD
PROFESSION
GOOD LUCK !
www.inseta.org.za
011-484-0722