The amendments to the Short-term Insurance Regulations gazetted on 15 December 2017 became effective on 1 January 2018 with some later effective dates below. Corresponding amendments required to the Short-term Insurance Act 1998 (STIA) also take effect on 1 January 2018.
The majority of the changes to the Short-term Insurance Act Regulations relate to the circumstances in which an insurer may enter into a binder agreement, the respective rights and obligations of the insurer and binder holder, and the remuneration that may be paid to the binder holder.
This course considers the regulations concerning the binder agreement as amended.
CPD Category: Online program
COB Category: Short-term Insurance Personal Lines | Short-term Insurance Commercial Lines
Accreditation valid until: 30 June 2022
CPD Points allocated: 3.5 hours | points on completion and pass of assessment
Approval number: EVT-20210621-0022