Web-based training: Client money for general insurance intermediaries
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This course has been designed to help you understand the client money section of the FSA Handbook for general insurance intermediaries (CASS 5) and enable you to learn flexibly by selecting the topics that apply to you. It complements the guide to Client Money for General Insurance Intermediaries.
Objectives
When you have finished this course, you will:
- understand the key terms used by the FSA to describe client money arrangements;
- know how client money is protected;
- know how to ensure you are co-mingling under a compliant risk transfer agreement;
- be able to identify client money and know how to handle it;
- be able to do a client money calculation; and
- be aware of the capital and audit requirements.
Who is it for?
This course is relevant to general insurance intermediaries receiving and holding general insurance money. For example:
- insurance brokers;
- businesses that arrange insurance secondary to their main business for example, motor dealers; and
- mortgage brokers who are also involved in insurance mediation.
This course is not relevant to those firms who only receive and hold general insurance money as agent of an insurer.
It may also be helpful for:
- compliance consultants;
- accountants and auditors; and
- firms applying for authorisation to do general insurance business.
How is the information presented?
You take the course online. Its features include:
- questions to help you understand the topics covered;
- interactive features and links so you can get extra information;
- links to relevant parts of the Handbook;
- a printable glossary of the key terms in relation to Client Money;
- the ability to select the topics relevant to you; and
- audio commentary.
Duration
The course takes approximately 75 minutes. You can stop and start the course at any time.
Other information
It costs £20 per person to purchase. Terms and conditions apply. Purchase is made online.
Whilst we will update packages to reflect policy changes, once they become out of date we will remove them from our system. To ensure that you are undertaking the current training package, please log onto our website on the day that you do this training to ensure that it remains current as at that date.
Minimum computer specification
- Pentium 3® processor or higher
- Windows 2000® or higher
- 256Mb of RAM
- Internet Explorer® 5.5 or later. Netscape 7.0
- Sound enabled with speakers or headphones for commentary – optional
- NB: Pop-up blockers must be disabled.
