FAIS Examination Implementation FAIS Examination Implementation

Craig Duff CEO IMFUNDOCraig Duff CEO IMFUNDORonel Burger MD IMFUNDORonel Burger MD IMFUNDO

Methodology

Registration Examination Process

Introduction

Payment

AssessmentTools

FAIS Examination ImplementationFAIS Examination Implementation

Methodology AssessmentTools

Registration Examination Process

Payment

Introduction

• November 2007 Assessment Process

• 2008 Assessment Process

• Assessment Methodology

- Case Studies- Multiple Choice Questions- Pilot Examination: Monday 15 October

• Curriculum

Introduction AssessmentTools

Methodology

Registration Examination Process

Payment

MethodologyIntroduction

AssessmentTools

Registration Examination Process

Payment

Cat A

Cat B

Cat C

CAT A

Category A: LONG TERM CATEGORY A

One three hour assessment comprising three sections.Candidates may elect to write any combination of sections within this assessment, in order to fulfill their personal outstanding credit requirement.

The assessment will consist of:Section 1 – Law (10 credits)Section 2 – Ethics and Customer Care (10 credits)Section 3 – Insurance Product and Finance (12 credits)

CAT B

Asses

smen

t 1

Category BAssessment 1: SHORT TERM PERSONAL LINES, LONG TERM CATEGORY B

Candidates may elect to write any combination of sections within this assessment, in order to fulfill their personal outstanding credit requirement.Candidates must not answer more than three questions.

The assessment will consist of:Section 1 – Question 1 – Law and Ethics (10 credits)Section 2 – Question 2 – General Cluster (10 credits)Section 3 – Candidates may select to answer full questions from

the two electives below i.e. the whole of 3 and/or 4:

Question – 3 – Short Term Personal Lines (12 credits)

and/orQuestion – 4 – Long Term Category B (12 credits)

CAT B

Asses

smen

t 2

Category BAssessment 2: SHORT TERM COMMERCIAL LINES

Candidates may elect to write any combination of sections within this assessment, in order to fulfill their personal outstanding credit requirement.Candidates must not answer more than three questions.

The assessment will consist of:Section 1 – Question 1 – Law and Ethics (11 credits)Section 2 – Question 2 – Commercial Underwriting (10 credits)Section 3 – Candidates may select to answer full questions from

the four electives below i.e. the whole of 3 and/or 4 etc.:

Question – 3 – General Business Insurance (10 credits)

and/orQuestion – 4 – Agriculture (11 credits)and/orQuestion – 5 – Marine and Transportation (9 credits)and/orQuestion – 6 – Aviation (11 credits)

CAT C

Category CLONG TERM: PENSION, RETAIL PENSION BENEFITS, COLLECTIVE INVESTMENTS, HEALTH.

One three hour assessment comprising 3 sections. Candidates may elect to write any combination of sections within this assessment, in order to fulfill their personal outstanding credit requirement.Students must not answer more than three questions.

The assessment will consist of:Section 1 – Question 1 – Law and Ethics (10 credits)Section 2 – Question 2 – Risk Assessment (10 credits)Section 3 – Candidates may select to answer full

questions from the five electives below i.e. the whole of 3 and/or 4 etc.:

Question – 3 – Long term Category C (10 credits) and/orQuestion – 4 – Pension Fund Benefits (10 credits) and/orQuestion – 5 – Health Fund Benefits (10 credits) and/orQuestion – 6 – Retail Pension Benefits (10 credits) and/orQuestion – 7 – Collective Investments (10 credits)

• INSETA Website

• FAIS Link

• 8 October 2007

• Examination

• Saturday 17 November

• Registration Form

MethodologyIntroduction AssessmentTools

Registration

Examination Process

Payment

• Payment Options:

• EFT or

• Direct Deposit

• Student Registration Pack:

• Examination instructions;• Administrative procedures;• Examination permit.

• Cost Per Assessment

• R850 + R119 (VAT) = R969

MethodologyIntroduction AssessmentTools

Payment

Registration Examination Process

• Venues Sandton Pretoria Durban Cape Town PE Polokwane Klerksdorp Kimberley Bloemfontein Nelspruit

• Times

• Category B & C 09:00 – 12:00• Category A 14:00 – 17:00

• Procedures

MethodologyIntroduction AssessmentTools

Examination Process

Registration Payment