Australian Financial Services Licensing (AFSL) Forum

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  • #3569 Reply

    Chirag
    Guest

    I have done compliance course for general insurance advisor. What i need to do for obtaining AFSL in general insurance. Is that a good idea to apply for a licence or should i work for licenced broker for commission.

    #3571 Reply

    Chris
    Guest

    Hi Chirag

    Applying for a licence is a complicated process which we help many clients with. The following webpage includes an article and mindmap that provides an overview of what is involved. http://www.ccct.com.au/licensing/afs-licensing/applying-for-or-varying–your-australian-financial-services

    Your other option is to become an authorised representative of another AFSL. The best course of action will depend on your individual circumstances including your ability to comply with the obligations of an AFSL holder. These include having at least 3 years regulated, relevant experience, holding appropriate insurance, and maintaining financial resources etc.

    Don’t hesitate to drop us a line if you’d like further information.

    Author: Paul Derham

    Co-contributor: Chris Wallace

    #3582 Reply

    David Orth
    Guest

    Hi Chirag

    As a licence holder of an AFSL that covers insurance and also has Authorised Representatives, we may be able to assist you. An option as mentioned by Chris, would be for you to operate as an Authorised Representative of our licence. This allows you to have the necessary authorisation you need to give advice, but the flexibility of running our own business instead of working for someone else.

Viewing 3 posts - 1 through 3 (of 3 total)

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Reply To: General insurance broker

Your information:


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