The Commission has withdrawn the requirement for AIRs who provide advice on long term insurance business to attain the Guernsey Insurance Certificate ("GIC"). This decision has immediate effect.
The GIC was a mandatory qualification required to be attained by all AIRs who advise on long term insurance business, both in respect of the provision of advice on permanent health, credit life assurance and any contracts on human life that are renewable annually and also for AIRs who have been authorised as financial advisers (“FAs”) in accordance with the requirements of The Insurance Intermediaries (Conduct of Business Rules) 2014.
The Commission has updated the Training and Competence page on its website together with its Guidance Note on Training and Competency Schemes.
Licensees are reminded of the Board’s responsibility in respect of employee training together with the requirement to create and implement an appropriate training and competency scheme.
Please click on the following links to the revised webpage and document: