Unit of competency Outline
Date retreived
22/07/2026 11:33 PM AWST
22/07/2026 11:33 PM AWST
Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.
Place client insurances with insurer and confirm insurance cover with clients
Place client insurances with insurer and confirm insurance cover with clients
Unit of competency
National Code
FNSIBK413
FNSIBK413
State Code
OCI09
OCI09
TGA Status
Current
Current
DTWD Status
Approved
Approved
State Implementation and Classification
Approved Date
11/03/2021
Field of Education
081103 - Insurance And Actuarial Studies
Original Release Date
11/03/2021
Nominal Hours
35
Description
This unit describes the skills and knowledge required to complete an agreed insurance transaction by following the required processes to place and confirm a client’s insurance with an insurer.The unit applies to those with well-developed communication and administrative skills who provide broking assistance. Individuals may work in small or large brokerage organisations dealing with retail and commercial clients.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Users are advised to check with the relevant state and territory regulatory authorities to confirm those requirements.
Notes
Elements and Performance Criteria
1. Prepare to place insurance cover
- 1.1 Establish client insurance requirements and selected cover according to organisational policies and procedures
- 1.2 Calculate and negotiate premium and statutory duties with client
- 1.3 Notify insurer of client details and selected cover according to organisational policies and procedures
2. Establish interim cover
- 2.1 Obtain interim cover and confirm correct details
- 2.2 Forward confirmation of interim cover to insurers and client according to organisational policies and procedures
- 2.3 Identify and communicate optional extras to client
3. Complete client documentation
- 3.1 Assist client in completing required documentation and declarations according to organisational policies and procedures
- 3.2 Confirm required documentation and declarations are completed prior to expiry of interim cover
- 3.3 Review and finalise client documentation and declarations according to organisational policies and procedures
- 3.4 Ensure premium payments have been made according to organisational policies
- 3.5 Provide required documentation to insurer
4. Obtain and record documented evidence of insurance cover
- 4.1 Update client records according to organisational policies and procedures
- 4.2 Record insurer’s documentation on receipt and according to organisational policies and procedures
- 4.3 Update business and disclosure records according to organisational policies and procedures
- 4.4 Check receipt of documentation and confirm timely delivery to meet client requirements
No information
No information
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| AUR59 | FNSIBK403 | Place client insurances with insurer and confirm insurance cover with clients | Unit of competency |
| State Code | National Code | Title | Type |
|---|---|---|---|
| BFX3 | FNS41720 | Certificate IV in Insurance Broking | Qualification |
| BFX2 | FNS60920 | Advanced Diploma of Paraplanning | Qualification |