SECP approves curriculum

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued a notification, approving the curriculum for foundation course for life and non-life insurance agents or the designated persons and minimum infrastructural / training and faculty requirements for recognition of the institutes by it, a statement said on Tuesday.
The course contents consist of basic principles, role of insurance agents, risks and insurance, claims handling and law governing insurance industry, it said.
The commission has approved the Institute of Capital Markets and Pakistan Insurance Institute as recognised institutes and authorised them to train insurance agents as required by Rule 26(b) of the 2002 SEC (Insurance) Rules as amended vide SRO 649(I)/2015 dated July 2, 2015.
In addition, as per the SRO 649(I)/2015, the minimum educational requirement of higher secondary school certificate or equivalent has been prescribed for the persons entering agency contract with insurers.
The requirement is applicable to the persons entering any such agency contract for the first time.